Here’s the notable expiries that the DTCC have listed for today 5 Sept 2016
– EURUSD: 1.1000 (EUR 330m) 1.1200 (426m) 1.1400 (643m)
– USDJPY: 102.00 (USD 361m) 103.50 (255m) 104.00 (231m) 105.00 (278m)
Any one doubting the impact of large expiries should take a look at the price action on EURUSD, EURGBP and GBPUSD post-NFP’s on Friday where a €1.9bln expiry at 1.1200 kept EURUSD and EURGBP under pressure which in turn kept a bid under GBPUSD.