📊 FX Option Expiries — April 10, 2026

📊 FX Option Expiries — April 10, 2026

10 4月 2026, 12:23
Masayuki Sakamoto
0
4
📊 FX Option Expiries — April 10, 2026

■ Spot Levels

  • EUR/USD: 1.1690
  • USD/JPY: 159.20
  • GBP/USD: 1.3420
  • USD/CHF: 0.7902
  • USD/CAD: 1.3823
  • AUD/USD: 0.7066
  • NZD/USD: 0.5846
  • EUR/GBP: 0.8709

■ Friday (April 10)

EUR/USD

  • 1.1520 (0.83B)
  • 1.1530 (1.9B) ★ Largest
  • 1.1700 (0.91B)
  • 1.1740 (0.61B)
  • 1.1800 (1.3B)

👉 Spot: 1.1690

✔ Upside magnet: 1.1700 (near-term)
✔ Downside anchor: 1.1530 (largest)

👉 Structure:

  • Slight upward pull
  • Strong downside support

USD/JPY

  • 158.00 (1.9B) ★ Largest
  • 160.00 (0.97B)

👉 Spot: 159.20

✔ Clearly defined 158–160 range
👉 Center of gravity: around 159


GBP/USD

  • 1.3500 (0.57B)

👉 Light positioning
→ Limited standalone impact


USD/CAD

  • 1.3815 (0.51B)

👉 Spot near strike
→ Likely pin behavior


EUR/GBP

  • 0.8700 (0.6B)

👉 Spot: 0.8709
→ Almost perfectly pinned


■ Monday (April 13)

EUR/USD

  • 1.1450 (1.3B)
  • 1.1640 (0.75B)
  • 1.1650 (0.97B)
  • 1.1700 (0.58B)

👉 Heavier positioning on the downside
👉 1.16 zone = short-term balance area


USD/JPY

  • 157.50 (0.54B)

👉 Only mild downside pull


GBP/USD

  • 1.3550 (0.51B)

USD/CAD

  • 1.3700 (0.77B)
  • 1.3900 (0.63B)

👉 Distributed both sides
More room for trend development


■ Overall Structure (Key Takeaways)

EUR/USD

👉 Upside: 1.1700
👉 Downside: 1.1530 (largest)

= Slightly bullish range with strong support below


USD/JPY

👉 158 (major support) vs 160 (ceiling)

= Fully range-dominated market
→ NY cut likely pulls price back toward the center


EUR/GBP

👉 0.8700

= Perfect pinning structure


🎯 Trading Strategy (Key)

EUR/USD

→ Sell near 1.1700
→ Buy dips around 1.1650


USD/JPY

→ Mean-reversion trades around 159
👉 Range trading is optimal


EUR/GBP

→ Pure range scalping
👉 Classic pin behavior


■ Final Insight

👉 This is a textbook “range + pinning market”

  • Trend trades: ❌ Low probability
  • Breakouts: ❌ Likely false
  • Mean reversion: ✅ Highest edge