📊 FX Options Report
March 12, 2026 | NY Cut Overview
■ Current Spot Levels
| Currency Pair | Spot |
|---|---|
| EUR/USD | 1.1542 |
| USD/JPY | 159.05 |
| GBP/USD | 1.3363 |
| USD/CHF | 0.7817 |
| USD/CAD | 1.3587 |
| AUD/USD | 0.7116 |
| NZD/USD | 0.5898 |
| EUR/GBP | 0.8634 |
■ Thursday (March 12) NY Cut
EUR/USD
| Strike | Size |
|---|---|
| 1.1500 | €1.4B |
| 1.1530 | €910M |
| 1.1550 | €840M |
| 1.1575 | €800M |
| 1.1600 | €930M |
| 1.1650 | €1.3B |
| 1.1680 | €1.3B |
| 1.1685 | €650M |
| 1.1700 | €770M |
👉 Spot: 1.1542
-
Short-term magnet: around 1.1550
-
Upper option cluster: 1.1650–1.1680
USD/JPY
| Strike | Size |
|---|---|
| 157.00 | $660M |
| 159.50 | $560M |
| 160.00 | $890M ★Largest |
| 160.75 | $730M |
👉 Spot: 159.05
The most important magnet is 160.00.
USD/CAD
| Strike | Size |
|---|---|
| 1.3700 | $530M |
AUD/USD
| Strike | Size |
|---|---|
| 0.6975 | $1.1B |
| 0.7000 | $580M |
| 0.7175 | $620M |
| 0.7300 | $660M |
👉 Spot: 0.7116
0.7175 may act as a short-term attraction level.
EUR/GBP
| Strike | Size |
|---|---|
| 0.8800 | €650M |
■ Friday (March 13) NY Cut
EUR/USD
| Strike | Size |
|---|---|
| 1.1400 | €580M |
| 1.1500 | €870M |
| 1.1590 | €700M |
| 1.1595 | €930M |
| 1.1600 | €1.0B |
| 1.1670 | €1.7B |
| 1.1680 | €690M |
| 1.1700 | €2.9B ★Largest |
👉 1.1700 is a massive magnet.
Friday’s structure suggests upside attraction toward 1.1700.
USD/JPY
| Strike | Size |
|---|---|
| 156.00 | $1.0B |
USD/CHF
| Strike | Size |
|---|---|
| 0.7700 | $530M |
AUD/USD
| Strike | Size |
|---|---|
| 0.7000 | $960M |
| 0.7100 | $820M |
■ Overall Market Structure
Current option positioning indicates:
✔ EUR/USD
Short-term: 1.1550 magnet
Medium-term: 1.1650–1.1700 option magnet zone
✔ USD/JPY
160.00 is the key upside target
✔ AUD/USD
Likely 0.71–0.7175 range
✔ EUR/GBP
Upside magnet at 0.8800
■ Market Bias
Overall structure suggests:
Upward pressure on USD/JPY
+
EUR option attraction above
Meaning:
-
USD/JPY may gravitate toward 160
-
EUR/USD may remain influenced by the 1.1650–1.1700 option zone
-
AUD/USD likely to stabilize around the 0.71 area
Unless major geopolitical headlines override option flows, the market may remain anchored near these option levels into the NY cut.
