SDR FX Analysis - Asia: Global FX Research

Research evidence excerpt

SDR FX Analysis - Asia: Global FX Research

Range P1 P2 P3 P4 P5 C5 C4 C3 C2 C1

Lower 0 0.15 0.25 0.5 0.75 0.75 0.5 0.25 0.15 0

Upper 0.15 0.25 0.5 0.75 1 1 0.75 0.5 0.25 0.15

<12m expiry Volume of PUTS (USD mn) Volume of CALLS (USD mn) Total volume Global Markets Research

Delta 0-0.15 0.15-0.25 0.25-0.5 0.5-0.75 0.75-1 0.75-1 0.5-0.75 0.25-0.5 0.15-0.25 0-0.15 Put Call

335 1,182 584 357 489 984 480 206 292 386 2,947 2,348 24h 23 June 2026 USD/CNY

2,067 2,510 1,768 1,055 1,459 4,321 2,374 1,447 901 1,006 8,859 10,049 1w Research analysts

0 0 70 221 86 0 10 57 0 0 378 67 24h

USD/KRW

215 126 1,181 1,951 1,794 2,442 1,296 858 237 236 5,268 5,070 1w

Asia FX Strategy 120 0 35 50 21 107 177 33 0 0 226 317 24h

USD/TWD

240 120 276 347 439 722 756 389 60 112 1,422 2,039 1w Craig Chan - NSL

0 0 60 150 63 50 298 70 14 0 274 432 24h craig.chan@nomura.com USD/INR

212 208 1,849 976 871 2,687 1,451 303 14 0 4,116 4,456 1w +65 6433 6544

0 72 122 430 288 10 152 15 0 0 913 177 24h

USD/SGD

35 122 143 1,267 4,398 591 1,874 828 294 686 5,965 4,273 1w Wee Choon Teo - NSL

weechoon.teo@nomura.com 0 0 4 59 86 0 59 0 0 0 149 59 24h

USD/IDR +65 6433 6107

0 30 320 332 702 284 463 77 0 74 1,383 899 1w

940 450 1,884 902 905 305 425 0 0 0 5,082 730 24h

USD/HKD

1,670 3,780 3,065 5,789 5,542 3,081 770 703 0 796 19,846 5,351 1w

0 0 59 0 8 0 0 0 0 0 67 0 24h

USD/PHP

140 38 182 1 65 287 64 1 0 0 425 351 1w

Note: top row for each currency is trades recorded over the past 24h; second row is over the past 1w. Includes all trades with expiry <12m. z-scores based on 6m window.

Z-score: <-2 -2 to -1 -1 to 0 0 to 1 1 to 2 > 2 See Appendix A-1 for analyst

certification, important

For more details on trades overnight and over the past week, upcoming expiries and in-depth analysis of disclosures and the status of