Forex option expiries for the 10 am (14.00 GMT) New York cut 21 March 2018
A big day on the options board before the Fed tonight. We’ve got 6.31bn off in USDJPY between 105.90 and 107.00, of which 3.79bn sits at the lower end. In EURUSD, there’s 7.59bn off between 1.2250 & 1.2370. Plenty of room to roam before the expiry but with the market probably not willing to commit to much ahead of the Fed, that might give options players the freedom and lower liquidity to push the prices around nearer to the expiry.
For more information on how they do that, read our explanation of Forex options and their impact on currency markets.