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✅ FX Option Data (NY Cut | Latest Update — October 23, 2025)

✅ FX Option Data (NY Cut | Latest Update — October 23, 2025)

🇪🇺 EUR/USD (EUR-Denominated)

1.1500: €735M
1.1650: €698M
1.1700: €782M
1.1800: €919M

📌 Key Takeaways

  • A medium-sized option cluster (€3.1B total) is concentrated between 1.1650–1.1800, acting as a short-term price magnet zone.

  • 1.1800 (€919M) forms the upper resistance cap, requiring a clear catalyst (U.S. data or ECB/Fed remarks) to break.

  • The market currently trades within a compressed range: support at 1.1650, resistance at 1.1800.

🇺🇸 USD/JPY (USD-Denominated)

150.00: $2.5B 🚨
151.20: $965M

📌 Key Takeaways

  • A massive $2.5B concentration at 150.00 represents the largest open interest across all pairs.
    → Strong NY cut pull effect and solid downside protection.

  • 151.20 ($965M) serves as a near-term upside magnet, though intervention concerns could cap further gains.

  • The option structure implies “150 defense / 151 resistance”, supporting a tight consolidation bias.

🇦🇺 AUD/USD (AUD-Denominated)

0.6350: A$1.0B
0.6450: A$1.9B 🚨

📌 Key Takeaways

  • A large A$1.9B cluster at 0.6450 forms a major resistance and sell-on-rally zone.

  • 0.6350 (A$1.0B) acts as solid downside support, suggesting range trading between 0.6350–0.6450.

  • The bias remains toward selling rallies near 0.6450 amid limited risk appetite.

📊 Option Market Strategy Summary

Pair Key Level(s) Tactical View
EUR/USD 1.1650–1.1800 (€3.1B) Compressed range; fading rallies remains effective
USD/JPY 150.00 ($2.5B) / 151.20 ($965M) Strong defense at 150; intervention risk above 151
AUD/USD 0.6350–0.6450 (A$2.9B) Ideal for range trading; sell near upper band

📈 Overall Summary

  • USD/JPY 150.00 ($2.5B) stands out as the largest single option concentration globally, overlapping with the official defense zone, making a downside break highly unlikely in the short term.

  • EUR/USD remains trapped in a tight compression zone (1.1650–1.1800) with low volatility ahead of U.S. CPI.

  • AUD/USD continues to show sell-on-strength tendencies near 0.6450 amid fading bullish momentum.

🎯 Suggested Plays

  • USD/JPY: Buy dips above 150.00, take profits in 151+ zone (watch for intervention risk).

  • EUR/USD: Fade breakouts — sell near 1.1800, buy near 1.1650 support.

  • AUD/USD: Maintain sell-on-rally stance near 0.6450, chase breaks below 0.6350 short-term.

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