Today's FX Option Expiry Overview – July 13, 2026
Spot Rates
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EUR/USD: 1.1398
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USD/JPY: 162.30
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GBP/USD: 1.3378
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USD/CHF: 0.8097
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USD/CAD: 1.4160
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AUD/USD: 0.6929
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NZD/USD: 0.5753
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EUR/GBP: 0.8519
■ Today's Option Expiries (July 13)
EUR/USD
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1.1400 (€870M)
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1.1475 (€650M)
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1.1500 (€1.1B)
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1.1525 (€600M)
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1.1550 (€1.5B)
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1.1560 (€550M)
Spot is currently 1.1398.
The nearest option expiry is:
● 1.1400 (€870M)
A larger expiry is located higher at:
● 1.1550 (€1.5B)
While it is too far away to influence near-term trading under normal conditions, it could become an important reference level if EUR/USD stages a stronger rally.
USD/JPY
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160.00 ($1.9B)
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● 160.50 ($4.6B) — Largest
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161.00 ($1.1B)
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161.50 ($540M)
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162.00 ($1.7B)
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163.00 ($2.4B)
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163.50 ($1.1B)
Spot is currently 162.30.
The largest expiry today is:
● 160.50 ($4.6B)
However, with spot trading roughly 180 pips above that strike, its magnetic effect is likely to be limited unless the market experiences a sharp decline.
Instead, traders are more likely to focus on the nearby strikes at:
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162.00 ($1.7B)
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163.00 ($2.4B)
These are expected to define today's primary trading range.
GBP/USD
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1.3410 ($720M)
Spot is 1.3378.
The nearest expiry is 1.3410, although its overall market impact is expected to remain modest.
USD/CAD
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1.4100 ($620M)
Spot is 1.4160.
With spot trading well above the strike, today's option influence should be limited.
AUD/USD
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0.6875 ($560M)
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0.6990 ($510M)
Spot is 0.6929.
The pair is positioned between both strikes, suggesting continued range-bound trading between 0.6875 and 0.6990.
■ Tomorrow's Option Expiries (July 14)
EUR/USD
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1.1300 (€2.2B)
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● 1.1400 (€2.6B) — Largest
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1.1405 (€560M)
USD/JPY
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160.50 ($700M)
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162.00 ($620M)
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● 163.00 ($810M) — Largest
USD/CHF
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0.8100 ($500M)
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● 0.8200 ($890M) — Largest
USD/CAD
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1.4000 ($520M)
■ Overall Market Structure
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EUR/USD: 1.1400 remains the key strike, almost perfectly aligned with current spot.
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USD/JPY: Although the largest expiry sits at 160.50, the market is currently trading much closer to the 162.00–163.00 option zone, making those strikes more relevant for today's price action.
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AUD/USD: Expected to remain range-bound between 0.6875 and 0.6990.
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Tomorrow's focus shifts toward EUR/USD 1.1400 and USD/JPY 163.00.
■ Trading Strategy
EUR/USD
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Favor range trading around 1.1400.
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A decisive break below 1.1400 could accelerate downside momentum.
USD/JPY
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Focus on the 162.00–163.00 range.
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Be alert for profit-taking if price approaches 163.00.
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The massive 160.50 option may become an important support level only if a sharp decline develops.
AUD/USD
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Continue trading the 0.6875–0.6990 range.
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Until a clear breakout occurs, mean-reversion strategies remain favorable.
■ Summary
Today's key option levels are:
● USD/JPY 160.50 ($4.6B) — Largest expiry
● USD/JPY 163.00 ($2.4B)
● EUR/USD 1.1400 (€870M)
Although the largest USD/JPY option sits at 160.50, its distance from current spot suggests limited influence under normal market conditions. Instead, traders are likely to focus on the 162.00–163.00 option cluster, where price is currently trading.
Meanwhile, EUR/USD is sitting almost directly on top of the 1.1400 strike, making that level the primary focal point into today's New York option cut, with range-bound trading around that area remaining the most likely scenario.
