Forex option expiries for the 10am NY (14.00 GMT) cut 19 May
– EURUSD: 1.1000 (EUR 1.2bln) 1.1050 (560m) 1.1150 (437m) 1.1170 (470m)
– USDJPY: 111.00 (USD 327m) 111.30 (290m) 111.70 (215m) 113.00 (622m)
Large EURUSD 1.1100 interest which I highlighted in my weekly post on Monday has grown considerably (from 1.1bln) and that will help explain added dip demand.