Today’s Option Overview – May 29, 2026
Spot (Current Levels)
EUR/USD: 1.1640
USD/JPY: 159.30
GBP/USD: 1.3433
USD/CHF: 0.7839
USD/CAD: 1.3786
AUD/USD: 0.7163
NZD/USD: 0.5955
EUR/GBP: 0.8662
Friday (May 29)
EUR/USD
- 1.1505 (€2.0B)
- 1.1550 (€1.1B)
- 1.1580 (€760M)
- 1.1600 (€1.5B)
- 1.1625 (€680M)
- 1.1650 (€1.5B)
- 1.1655 (€870M)
- 1.1700 (€1.1B)
Current spot: 1.1640
The most notable nearby strikes are:
- 1.1650 (€1.5B)
- 1.1600 (€1.5B)
Large expiries are positioned both above and below spot, creating a very clear short-term structure.
The main near-term range is:
1.1600–1.1650
In addition:
1.1700 (€1.1B)
remains in place, meaning if the dollar weakens, a move back toward 1.1700 may come into focus.
On the downside:
1.1505 (€2.0B)
stands out as a major magnet in the event of a sharp decline.
USD/JPY
- 158.30 ($700M)
- 158.50 ($670M)
- 159.00 ($580M)
- 160.00 ($760M)
- 161.00 ($620M)
Current spot: 159.30
Price is positioned between 159 and 160.
That makes the most natural short-term range:
159.30–160.00
Upside strikes:
- 160.00
- 161.00
Downside strikes:
- 159.00
- 158.50
With option interest on both sides, two-way price action around the NY cut remains likely.
Overall, however, USD/JPY continues to hold firmly in the 159 range, with dips still supported.
GBP/USD
- 1.3480 (£670M)
Current spot: 1.3433
Slightly above current price.
If the dollar softens:
a rebound toward 1.3480 becomes easier to imagine.
USD/CHF
- 0.7900 ($620M)
Current spot: 0.7839
Still some distance away.
If dollar strength resumes:
the 0.7900 level becomes an important target.
AUD/USD
- 0.7000 (A$1.2B)
- 0.7050 (A$1.1B)
- 0.7100 (A$920M)
- 0.7115 (A$670M)
- 0.7120 (A$1.2B)
- 0.7125 (A$960M)
- 0.7155 (A$620M)
- 0.7175 (A$880M)
Current spot: 0.7163
Very dense positioning.
Especially between:
- 0.7120 (A$1.2B)
- 0.7175 (A$880M)
This creates a strong range structure:
0.7120–0.7175
Among majors, AUD/USD currently shows the strongest range-bound characteristics.
Monday (June 1)
EUR/USD
- 1.1660 (€900M)
- 1.1700 (€1.2B)
- 1.1740 (€900M)
Current spot: 1.1640
Closest strike:
1.1660
Above that:
1.1700 (€1.2B)
remains important.
This keeps focus on:
1.1660–1.1700
Compared with Friday, market attention shifts slightly upward.
USD/JPY
- 159.27 ($650M)
Current spot: 159.30
Almost identical.
This creates a strong pinning effect around:
159.27
One of the clearest option structures going into the new week.
GBP/USD
- 1.3425 (£650M)
Current spot: 1.3433
Very close.
Pinning around 1.3425 is likely.
USD/CHF
- 0.7825 ($600M)
Current spot: 0.7839
Close enough to keep attention on:
0.7825
USD/CAD
- 1.3790 ($560M)
Current spot: 1.3786
Almost identical.
Strong pinning structure around:
1.3790
Overall Structure
Main points:
EUR/USD
Friday: 1.1600–1.1650
Monday: 1.1660–1.1700
→ Bias shifts slightly higher
USD/JPY
159.30 remains central
AUD/USD
Extremely dense between 0.7120–0.7175
USD/CAD
1.3790 remains the key anchor
Trading Focus
EUR/USD
- Friday centered around 1.1600–1.1650
- Early next week watch for rebound toward 1.1660–1.1700
USD/JPY
- Main focus remains 159.30
- A test of 160.00 remains possible
- Pullbacks still tend to return toward 159
AUD/USD
- Range strategy remains favored between 0.7120–0.7175
USD/CAD
- Watch for return toward 1.3790
Summary
The key theme into the weekend and early next week:
The dollar remains firm, while major pairs are likely to stay anchored around key option strikes.
Most important levels:
EUR/USD → around 1.1650
USD/JPY → 159.30
AUD/USD → around 0.7150
USD/CAD → 1.3790
For USD/JPY, the main theme remains:
Holding in the 159 range while keeping the door open for a test of 160.
However, with 159.27 sitting almost exactly at spot for Monday,
the market may first gravitate back toward that level before the next directional move.
