Today’s Option Expiries 6 August 2026
Spot Rates
EUR/USD: 1.1549
USD/JPY: 157.71
GBP/USD: 1.3459
USD/CHF: 0.8070
USD/CAD: 1.4010
AUD/USD: 0.7048
NZD/USD: 0.5880
EUR/GBP: 0.8578
Today (6 August)
EUR/USD
・1.1400 ($1.1bn)
・1.1410 ($770m)
・1.1420 ($1.0bn)
・1.1430 ($790m)
・1.1435 ($740m)
・1.1445 ($640m)
・1.1450 ($1.1bn)
・1.1490 ($1.0bn)
・1.1500 ($960m)
・1.1525 ($680m)
・1.1550 ($1.4bn)
・1.1555 ($710m)
● 1.1565 ($1.6bn) Largest
・1.1575 ($860m)
・1.1600 ($530m)
Large options are concentrated between 1.1550 and 1.1565, close to the current spot rate of 1.1549. This area is likely to act as the central range into the New York cut.
USD/JPY
・157.00 ($1.4bn)
・157.50 ($1.6bn)
● 157.75 ($1.8bn) Largest
・159.25 ($720m)
The current rate of 157.71 is almost exactly in line with the largest option at 157.75. Price action may be contained between 157.50 and 157.75, with a range-bound market likely unless the pair falls below 157.00.
GBP/USD
● 1.3380 (£700m) Largest
The strike is around 79 pips below the current rate of 1.3459, so its short-term influence is likely to be limited.
USD/CHF
● 0.8100 ($590m) Largest
The strike is around 30 pips above the current rate of 0.8070 and may be seen as an upside target if dollar buying strengthens.
USD/CAD
There are no notable large option expiries.
AUD/USD
● 0.7000 (A$2.1bn) Largest
・0.7030 (A$530m)
・0.7040 (A$520m)
The 0.7030–0.7040 area, close to the current rate, is the near-term focus. A break below this zone could draw attention toward 0.7000, where a large A$2.1bn option expires.
NZD/USD
There are no notable large option expiries.
EUR/GBP
● 0.8470 (€610m) Largest
・0.8620 (€560m)
The current rate of 0.8578 lies between the two strikes, but the closer 0.8620 level is likely to attract greater near-term attention.
Next Business Day (7 August)
EUR/USD
・1.1400 ($650m)
・1.1430 ($640m)
・1.1500 ($1.0bn)
● 1.1600 ($1.5bn) Largest
USD/JPY
● 156.00 ($900m) Largest
・157.00 ($550m)
・158.00 ($690m)
AUD/USD
● 0.7000 (A$670m) Largest
EUR/GBP
● 0.8550 (€1.0bn) Largest
・0.8675 (€730m)
Overall Picture
・EUR/USD is centered on the 1.1550–1.1565 area today.
・USD/JPY is most likely to be pinned near 157.75, which is almost identical to the current spot rate.
・AUD/USD has a large A$2.1bn expiry at 0.7000, making it a key downside level.
・For tomorrow, EUR/USD at 1.1600 and EUR/GBP at 0.8550 stand out as relatively large expiries.
Trading Strategy
EUR/USD
・Focus on a range centered around 1.1550–1.1565.
・A clear break above 1.1565 could open the way toward 1.1575–1.1600.
・On the downside, 1.1525 is the first reference level, followed by 1.1500.
USD/JPY
・Prioritize a return toward 157.75.
・Price action may be restrained between 157.50 and 157.75.
・Expect a range-bound market as long as 157.00 holds.
AUD/USD
・In the short term, watch for a return toward 0.7030–0.7040.
・A break below 0.7030 could lead to downside pressure toward 0.7000.
・Be alert for option-related flows around 0.7000.
Today’s Key Levels
● AUD/USD 0.7000 (A$2.1bn)
● USD/JPY 157.75 ($1.8bn)
● EUR/USD 1.1565 ($1.6bn)
