Today’s Option Expiries | August 5, 2026
Spot Prices
EUR/USD: 1.1532
USD/JPY: 157.65
GBP/USD: 1.3451
USD/CHF: 0.8082
USD/CAD: 1.4073
AUD/USD: 0.7045
NZD/USD: 0.5868
EUR/GBP: 0.8573
Today | August 5
EUR/USD
・1.1400 (€690M)
・1.1415 (€1.0B)
・1.1450 (€1.2B)
・1.1455 (€830M)
・1.1465 (€1.1B)
・1.1470 (€1.0B)
・1.1475 (€900M)
● 1.1500 (€1.8B) Largest
・1.1510 (€820M)
・1.1550 (€560M)
・1.1600 (€520M)
Spot is currently 1.1532.
Today’s largest expiry is:
● 1.1500 (€1.8B) Largest
This level is located approximately 32 pips below spot, making a move back toward 1.1500 a likely focus ahead of the New York cut.
With 1.1550 nearby on the upside and 1.1475–1.1500 on the downside, the 1.1500–1.1550 range is likely to remain the main short-term focus.
USD/JPY
● 155.35 ($1.0B) Largest
・159.50 ($780M)
Spot is currently 157.65.
Options are positioned both above and below the current level, with spot trading between them.
Although 155.35 is the largest expiry, it is approximately 2.30 yen below spot. The 159.50 expiry is also around 1.85 yen above spot. Therefore, price action today may be driven more by interest-rate developments and intervention concerns than by option-related pinning.
GBP/USD
● 1.3430 (£600M) Largest
Spot is currently 1.3451.
This level is approximately 21 pips below spot, making a move back toward 1.3430 likely to be watched ahead of the New York cut.
USD/CHF
There are no notable large option expiries.
USD/CAD
● 1.3955 ($830M) Largest
Spot is currently 1.4073.
This level is approximately 118 pips below spot, so its short-term market impact is likely to be limited.
AUD/USD
・0.6950 (A$650M)
● 0.7000 (A$840M) Largest
Spot is currently 0.7045.
The 0.7000 level is important because it is close to the current price.
It is also a key psychological level and may be viewed as the initial downside target if the Australian dollar declines. A clear break below 0.7000 could increase pressure toward 0.6950.
NZD/USD
There are no notable large option expiries.
EUR/GBP
There are no notable large option expiries.
Next Business Day | August 6
EUR/USD
・1.1400 (€1.1B)
・1.1410 (€770M)
・1.1420 (€1.0B)
・1.1430 (€790M)
・1.1435 (€740M)
・1.1445 (€640M)
● 1.1415 (€2.6B) Largest
・1.1420 (€600M)
・1.1450 (€1.1B)
・1.1490 (€1.0B)
・1.1500 (€710M)
・1.1500 (€960M)
・1.1525 (€680M)
・1.1550 (€1.1B)
・1.1555 (€710M)
・1.1565 (€1.4B)
・1.1575 (€860M)
・1.1600 (€530M)
A large €2.6 billion option expiry is due at 1.1415 tomorrow.
Options are also spread broadly from the low 1.1400 area through 1.1565, creating a structure in which price movements may be restrained across several levels.
USD/JPY
・157.00 ($1.2B)
・157.50 ($1.2B)
● 157.75 ($1.7B) Largest
・159.25 ($720M)
Spot is currently 157.65.
The 157.75 level is extremely close to spot, at approximately 10 pips away. Tomorrow, price may be drawn toward the 157.50–157.75 area.
GBP/USD
● 1.3380 (£700M) Largest
USD/CHF
There are no notable large option expiries.
USD/CAD
There are no notable large option expiries.
AUD/USD
● 0.7000 (A$2.1B) Largest
・0.7030 (A$530M)
・0.7040 (A$520M)
A large A$2.1 billion option expiry is due at 0.7000 tomorrow.
There are also options near the current level at 0.7030–0.7040, making the 0.7000–0.7040 area the key range to watch.
EUR/GBP
● 0.8470 (€610M) Largest
・0.8620 (€560M)
Overall View
・EUR/USD: Today’s 1.1500 expiry is the main level to watch.
・USD/JPY: Today’s options are positioned well above and below spot, limiting their potential pinning effect.
・GBP/USD: The 1.3430 expiry is close to spot and may attract price action.
・AUD/USD: The 0.7000 level is a key threshold both today and tomorrow.
・Tomorrow, large expiries are due at USD/JPY 157.75, EUR/USD 1.1415, and AUD/USD 0.7000.
Trading Strategy
EUR/USD
・Watch for a move back toward 1.1500 today.
・Use the 1.1500–1.1550 range as the base scenario.
・A clear break below 1.1500 would bring 1.1475 into focus.
USD/JPY
・Today, fundamentals are likely to have a greater influence than options.
・Tomorrow, watch for price to converge toward 157.50–157.75.
・A move toward 159.50 would require fresh dollar-buying catalysts.
GBP/USD
・Watch for a move back toward 1.3430.
・If 1.3430 holds, range trading around the mid-1.3450 area is likely to continue.
AUD/USD
・0.7000 is the most important pivot level.
・Holding above 0.7000 would leave room for a rebound.
・A break below it would raise the risk of a decline toward 0.6950.
Summary
Today’s key option levels are:
● EUR/USD 1.1500 (€1.8B)
● USD/JPY 155.35 ($1.0B)
● AUD/USD 0.7000 (A$840M)
● GBP/USD 1.3430 (£600M)
The levels closest to current spot prices, and therefore most likely to influence trading, are EUR/USD 1.1500, GBP/USD 1.3430, and AUD/USD 0.7000.
EUR/USD is currently trading at 1.1532, making a move back toward 1.1500 a key focus ahead of the New York cut. For AUD/USD, 0.7000 is important for both today and tomorrow and is likely to serve as a key pivot for short-term direction.
