By Rob Howard — Sep 08 - 09:40 AM
There are more 1.0700 option expiries for the 10am ET NY cuts Monday-Tuesday
The cumulative size of the strikes on Monday-Tuesday is 1.1 billion euros
A large 1.0700 strike also rolls off at the top of the hour nL1N3AK11Y
Large expiries can exert magnetism over FX rates, re: option-related flow
1.0700 is a former option barrier level too (barrier was erased on Thursday)
EUR event risk: Will ECB hold or hike interest rates next week? (Sept 14)
Source:
Refinitiv IFR Research/Market Commentary