Today’s Options Overview – May 28, 2026
Spot (Current Levels)
- EUR/USD: 1.1594
- USD/JPY: 159.55
- GBP/USD: 1.3386
- USD/CHF: 0.7890
- USD/CAD: 1.3859
- AUD/USD: 0.7113
- NZD/USD: 0.5872
- EUR/GBP: 0.8660
Thursday (May 28)
EUR/USD
- 1.1600 (€790M)
- 1.1650 (€650M)
- 1.1680 (€560M)
- 1.1700 (€510M)
- 1.1705 (€740M)
- 1.1725 (€1.5B)
- 1.1730 (€1.5B)
- 1.1735 (€990M)
- 1.1740 (€1.5B)
Current spot: 1.1594
Closest strike:
- 1.1600
Major concentration:
- 1.1725 (€1.5B)
- 1.1730 (€1.5B)
- 1.1740 (€1.5B)
This creates a two-layer structure:
- Immediate battle around 1.1600
- If EUR rebounds, potential pull toward the 1.17 low area
However, spot remains below the major cluster.
If dollar strength continues, rebounds may remain limited.
USD/JPY
- 157.75 ($600M)
- 158.75 ($640M)
Current spot: 159.55
Nearby strikes sit only below spot.
That suggests:
“Holding in the 159s, with support around the upper 158s”
There is no nearby upside cap.
This leaves room for:
159.70–160.00 extension
GBP/USD
- 1.3300 (£510M)
Current spot: 1.3386
Distance remains wide.
Short-term direction is likely to be driven more by overall dollar flows than option positioning.
AUD/USD
- 0.7115 (A$720M)
- 0.7185 (A$640M)
Current spot: 0.7113
Spot is nearly identical to:
0.7115
This favors:
“0.7115 pinning”
If USD softens:
0.7180 area may come into focus.
NZD/USD
- 0.5900 (NZ$560M)
Current spot: 0.5872
Nearby strike.
Pullback toward:
0.5900
remains likely.
Friday (May 29)
EUR/USD
- 1.1505 (€2.0B)
- 1.1550 (€1.1B)
- 1.1580 (€760M)
- 1.1600 (€1.2B)
- 1.1650 (€1.1B)
- 1.1655 (€770M)
- 1.1700 (€900M)
Current spot: 1.1594
Important levels:
- 1.1505 (€2.0B)
- 1.1600 (€1.2B)
- 1.1650 (€1.1B)
Most natural short-term zone:
1.1580–1.1600
Below:
1.1505 acts as a strong magnet.
Above:
1.1650–1.1700 likely acts as resistance.
USD/JPY
- 158.30 ($700M)
- 158.50 ($570M)
- 159.00 ($530M)
- 160.00 ($760M)
- 161.00 ($620M)
Current spot: 159.55
Spot sits right between 159 and 160.
Most natural positioning:
159.50 pivot
Upside remains focused on:
- 160.00
- 161.00
But upper-158s remain meaningful support.
Fast reversals remain possible.
GBP/USD
- 1.3480 (£670M)
Current spot: 1.3386
If the dollar softens:
recovery toward 1.3480 becomes more realistic.
USD/CHF
- 0.7900 ($540M)
Current spot: 0.7890
Very close.
Likely to gravitate around:
0.7900
AUD/USD
- 0.7000 (A$1.0B)
- 0.7050 (A$1.1B)
- 0.7100 (A$920M)
- 0.7115 (A$670M)
- 0.7120 (A$1.2B)
- 0.7125 (A$960M)
- 0.7155 (A$590M)
- 0.7175 (A$880M)
Current spot: 0.7113
Extremely dense structure.
Most important:
- 0.7120
- 0.7100
- 0.7125
This favors:
0.7110–0.7130 tight range
Likely more range-bound than trending into NY cut.
Overall Market Structure
Main themes:
EUR/USD
1.1580–1.1600
USD/JPY
159.50 pivot
→ upside toward 160–161
AUD/USD
0.7110–0.7130 dense range
This is a very typical:
“NY cut reversion market”
Trade Focus
EUR/USD
- 1.1600 pivot
- downside watch: 1.1505
- upside resistance: 1.1650
USD/JPY
- 159.50 pivot
- watch 160 test
- beware reversal into upper 158s
AUD/USD
- favor range strategy inside 0.7110–0.7130
USD/CHF
- 0.7900 pinning
Summary
Late-week market theme:
Dollar strength remains intact, but NY-cut gravity is increasing.
Key focus:
- EUR/USD = 1.16
- USD/JPY = 159.50
- AUD/USD = 0.7120
USD/JPY still retains upside pressure toward 160.
At the same time, week-end profit-taking raises reversal risk.
Main focus for the short term:
- EUR/USD around 1.16
- USD/JPY testing 160
- AUD/USD staying trapped in an ultra-tight range
