The pair has now posted fresh one-month highs of 103.91
Earlier I reported good sell interest between 103.80-104.00 from Japanese exporters so we will see a little battle up here again as we've seen at similar levels on the way up.
Helping to underpin the pair are large option expiries at 103.50 which provided a good base earlier.
Currently 103.93 after 103.96 highs.
Also in the option spotlight are USDCAD expiries at 1.3200 which are helping to contain the range for the moment.
Currently 1.3203 in a 85-15 range
Tomorrow, Friday, as per my pos tearlier in the week we have:
- EURUSD 1.1135 (EUR 1.29bln) 1.1400 (1.12bln)
- GBPUSD 1.2500 (1.18bln) 1.2900 (GBP 1.18bln)
Remember that these are "vanilla" options so still in play right up to expiry at 14.00 GMT on the day even if breached in the meantime, unlike barrier options.
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