Today’s Option Expiries | July 17, 2026
■ Spot Prices
EUR/USD: 1.1436
USD/JPY: 162.41
GBP/USD: 1.3457
USD/CHF: 0.8090
USD/CAD: 1.4037
AUD/USD: 0.6977
NZD/USD: 0.5830
EUR/GBP: 0.8496
■ Today’s Expiries | July 17
EUR/USD
・1.1350 (€1.8B)
・1.1400 (€650M)
・1.1425 (€950M)
・1.1450 (€950M)
● 1.1500 (€1.5B) Largest
・1.1600 (€650M)
Spot is currently 1.1436.
The closest strikes to the current market are:
・1.1425
・1.1450
Above these levels, there is a large expiry at:
● 1.1500 (€1.5B)
The 1.1425–1.1500 range is likely to remain the key trading zone today.
USD/JPY
● 162.00 ($570M)
Spot is currently 162.41.
The 162.00 level is likely to be the main option-related reference point.
GBP/USD
● 1.3385 (£560M)
Spot is currently 1.3457.
The strike is some distance from the current market, so its influence is likely to remain limited.
USD/CHF
● 0.8100 ($570M)
Spot is currently 0.8090.
The strike is very close to the current market, increasing the possibility that price action will remain drawn toward 0.8100 ahead of the New York cut.
USD/CAD
● 1.4075 ($720M)
Spot is currently 1.4037.
The 1.4075 level is likely to act as an important upside reference and potential resistance area.
AUD/USD
● 0.7000 (A$520M)
Spot is currently 0.6977.
The 0.7000 strike also coincides with a major psychological level and is likely to act as resistance.
NZD/USD
No significant large expiries today.
EUR/GBP
No significant large expiries today.
■ Next Business Day Expiries | July 20
EUR/USD
・1.1325 (€850M)
● 1.1350 (€1.5B) Largest
・1.1385 (€550M)
● 1.1390 (€1.5B) Largest
・1.1400 (€1.2B)
● 1.1425 (€1.5B) Largest
・1.1450 (€740M)
・1.1475 (€850M)
・1.1485 (€1.3B)
・1.1500 (€910M)
・1.1510 (€730M)
USD/JPY
● 162.00 ($3.0B) Largest
・163.00 ($700M)
GBP/USD
・1.3395 (£540M)
・1.3520 (£570M)
USD/CHF
・0.8110 ($700M)
■ Overall Market Structure
・EUR/USD has a heavy concentration of expiries between 1.1425 and 1.1500, creating conditions favorable for range-bound trading.
・USD/JPY is likely to remain centered around 162.00.
・USD/CHF may experience a gravitational pull toward 0.8100.
・AUD/USD is likely to face resistance around 0.7000.
■ Trading Strategy
EUR/USD
・Focus on the 1.1425–1.1500 range.
・Expect two-way trading around 1.1450.
USD/JPY
・Watch for a possible return toward 162.00.
・A major directional move may be difficult to sustain.
USD/CHF
・Price action may stabilize around 0.8100.
AUD/USD
・The 0.7000 level is likely to attract selling interest on rebounds.
■ Summary
Today’s key option levels are:
● EUR/USD 1.1500 (€1.5B)
● USD/CAD 1.4075 ($720M)
● USD/CHF 0.8100 ($570M)
● USD/JPY 162.00 ($570M)
EUR/USD has several significant expiries close to the current market, making continued range-bound trading between 1.1425 and 1.1500 the most likely scenario.
USD/CHF may be drawn toward 0.8100, while 0.7000 is likely to remain an important resistance level for AUD/USD.
Option-related price action may become increasingly visible as the market approaches the New York cut.
