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

165 579 0 83 409 517 22 0 0 0 1,237 539 24h 07 July 2026 USD/CNY

1,554 2,253 2,143 643 1,102 2,077 1,718 858 345 294 7,694 5,292 1w Research analysts

65 90 369 289 236 2,058 843 54 1 0 1,049 2,955 24h

USD/KRW

70 279 1,212 2,430 1,769 4,394 3,041 1,554 140 257 5,761 9,386 1w

Asia FX Strategy 30 30 0 8 207 100 15 176 27 5 275 323 24h

USD/TWD

30 30 197 483 780 192 533 865 44 156 1,520 1,789 1w Craig Chan - NSL

51 0 4 166 86 51 109 125 0 151 307 436 24h craig.chan@nomura.com USD/INR

203 0 496 1,068 1,474 915 1,065 1,232 101 503 3,241 3,816 1w +65 6433 6544

0 0 61 298 50 200 101 0 0 0 409 301 24h

USD/SGD

161 88 649 1,184 699 1,357 578 152 30 140 2,781 2,257 1w Wee Choon Teo - NSL

weechoon.teo@nomura.com 0 0 3 54 0 100 3 4 0 0 57 108 24h

USD/IDR +65 6433 6107

52 50 23 368 104 265 23 128 0 0 597 416 1w

200 0 50 226 401 375 100 300 0 0 877 775 24h

USD/HKD

1,645 100 1,559 5,087 5,118 4,592 607 1,189 50 1,027 13,510 7,465 1w

0 0 0 0 0 0 94 0 0 0 0 94 24h

USD/PHP

97 2 9 155 46 332 124 15 0 92 309 563 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