📊 FX Option Landscape — September 9, 2025 (per pair, latest NY cut update)

📊 FX Option Landscape — September 9, 2025 (per pair, latest NY cut update)

🇪🇺 EUR/USD (EUR notional)

• 1.1650: €851m

• 1.1705: €912m

• 1.1750: €1.1bn

• 1.1800: €1.3bn ✅

📌 Focus:
Option sizes increase stepwise on the topside.
The 1.1750–1.1800 zone (over €2.4bn combined) forms a notable resistance cluster.
→ Likely to act as a pause or reversal zone for rallies.

🇺🇸 USD/JPY (USD notional)

• 147.00: $1.4bn ✅

• 150.00: $1.2bn

📌 Focus:

• Heavy concentration at 147.00 ($1.4bn) → key support/defense line.

• To the upside, 150.00 ($1.2bn) stands as a psychological barrier and resistance.
  → The 147–150 range is expected to compress price action into NY cut.

🇦🇺 AUD/USD (AUD notional)

• 0.6515: A$580m

• 0.6600: A$725m ✅

📌 Focus:

• Strong clustering at 0.6600 → potential level for AUD/USD selling on rebounds.

🇳🇿 NZD/USD (NZD notional)

• 0.5915: NZ$513m

📌 Focus:

• Single mid-size strike.

• The 0.59 low zone likely acts as a support floor.

👉 Key Takeaway:
The market’s eyes are on EUR/USD at 1.1750–1.1800 and USD/JPY at 147.00 / 150.00.
Both represent strong convergence zones heading into the NY cut.

⚖️ 15-minute Power Balance Snapshot:
JPY ＞ AUD = NZD ＞ GBP ＞ CHF ＞ EUR ＞ CAD ＞ USD