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

60 106 183 91 0 253 121 0 0 0 440 374 24h 03 July 2026 USD/CNY

826 2,093 2,037 981 765 2,209 1,657 856 345 294 6,702 5,361 1w Research analysts

0 0 262 390 358 317 567 563 0 0 1,010 1,447 24h

USD/KRW

245 39 547 2,136 1,660 1,933 2,228 1,538 90 150 4,628 5,939 1w

Asia FX Strategy 0 0 0 25 9 1 123 122 0 0 33 246 24h

USD/TWD

0 0 92 311 453 174 323 507 0 185 856 1,189 1w Craig Chan - NSL

0 0 0 151 30 50 80 151 0 3 181 284 24h craig.chan@nomura.com USD/INR

50 0 342 888 1,278 961 844 847 52 218 2,558 2,922 1w +65 6433 6544

135 0 156 40 269 433 67 0 0 0 600 500 24h

USD/SGD

148 68 709 838 431 962 724 152 30 140 2,193 2,008 1w Wee Choon Teo - NSL

weechoon.teo@nomura.com 0 0 8 60 0 0 0 0 0 0 68 0 24h

USD/IDR +65 6433 6107

52 60 58 312 96 180 161 145 0 0 579 486 1w

100 0 0 268 150 710 0 226 0 0 518 936 24h

USD/HKD

1,900 160 1,359 5,587 4,415 3,967 710 964 50 1,027 13,421 6,718 1w

0 0 0 0 0 0 0 0 0 0 0 0 24h

USD/PHP

97 2 9 155 58 285 9 15 0 92 321 401 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

individual currencies, please click on the link below.