Forex options and orders currently at play

USDJPY has found a bid today. It looks out on its own for once as JPY and USD is reasonably stable elsewhere. 113.15 is the high so far and the big figure didn’t hold too much resistance, which begs the question of how solid the decline was these past few days?

What it has done is move the price above 1.07bn expiring at 113.00. There’s similar size expiring at 113.50. Larger expiries are down sounth from the mid-low 112’s.

Offers around 113.20 & 30, mixed in with technical levels will offer further resistance. Bids around 112.80 were solid overnight and we’re likely to start seeing them build at 113.00.

USDJPY H1 chart

USDJPY H1 chart

There could be some value in small tight shorts into 113.20/30 but I’d prefer to wait and see if we get another move up to the 114.00 area.

Also, with the upcoming US holiday, there’s a risk of seeing some decent position squaring and hedging so that might make the waters a bit murky.

For a full list of the option expiries and forex market orders in play today, check out the ForexFlow trading platform.


Ryan Littlestone

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