FX Options Outlook – March 23, 2026
🔹 Spot Levels
- EUR/USD: 1.1540
- USD/JPY: 159.47
- GBP/USD: 1.3311
- USD/CHF: 0.7893
- USD/CAD: 1.3722
- AUD/USD: 0.6967
- NZD/USD: 0.5804
- EUR/GBP: 0.8667
📅 Monday (March 23)
EUR/USD
- 1.1500 (€760M)
- 1.1550 (€890M)
- 1.1600 (€1.8B) ★ Largest
- 1.1650 (€760M)
👉 Current: 1.1540
- 1.1550 acts as a short-term pin
- Strong magnetic pull toward 1.1600
USD/JPY
- 158.00 ($1.0B)
- 158.95 ($610M)
- 160.00 ($570M)
👉 Current: 159.47
- Range-bound between 159–160
- Upside attraction toward 160 remains
USD/CHF
- 0.7935 ($910M)
USD/CAD
- 1.3650 ($820M)
AUD/USD
- 0.7070 ($620M)
- 0.7125 ($580M)
👉 Current: 0.6967
- Options positioned above → upside resistance / pullback pressure
📅 Tuesday (March 24)
EUR/USD
- 1.1430 (€890M)
- 1.1450 (€590M)
- 1.1500 (€3.0B) ★ Largest
- 1.1600 (€1.0B)
- 1.1645 (€540M)
- 1.1650 (€510M)
- 1.1660 (€670M)
- 1.1670 (€560M)
👉 Massive pin at 1.1500
- Market structure heavily centered around this level
USD/JPY
- 158.00 ($1.9B) ★ Largest
👉 Strong downside attraction
- Pullback pressure toward 158
AUD/USD
- 0.6975 ($540M)
👉 Current: 0.6967
- Almost perfectly pinned
NZD/USD
- 0.5750 ($630M)
🌐 Overall Structure
✔ EUR/USD
- Monday: 1.1550–1.1600 range
- Tuesday: Fully anchored at 1.1500
✔ USD/JPY
- Monday: 159–160 range-bound
- Tuesday: Pullback structure toward 158
✔ AUD/USD
- Near-perfect pin at 0.6975
🎯 Key Takeaway
👉 Clear NY cut-driven “pinning market”
- EUR/USD → Centered at 1.1500
- USD/JPY → Downward gravitational pull
- AUD/USD → Near-fixed price action
