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

704 3 135 0 0 209 60 0 0 0 842 269 24h 13 July 2026 USD/CNY

2,803 1,045 849 610 1,056 1,815 589 405 102 493 6,364 3,403 1w Research analysts

58 265 71 0 188 1,568 30 0 0 0 581 1,598 24h

USD/KRW

683 510 1,833 786 950 8,189 2,901 523 51 117 4,762 11,780 1w

Asia FX Strategy 0 0 60 173 84 0 28 259 4 89 317 380 24h

USD/TWD

30 30 334 535 975 248 579 1,029 68 384 1,904 2,308 1w Craig Chan - NSL

50 0 0 184 225 306 50 251 4 26 459 637 24h craig.chan@nomura.com USD/INR

541 51 507 1,260 1,587 1,139 1,144 1,481 100 569 3,946 4,434 1w +65 6433 6544

58 200 236 153 32 92 103 65 0 0 679 260 24h

USD/SGD

66 270 1,130 678 370 945 831 165 0 0 2,514 1,941 1w Wee Choon Teo - NSL

weechoon.teo@nomura.com 40 0 50 119 140 58 21 22 0 30 349 131 24h

USD/IDR +65 6433 6107

40 0 208 699 539 453 520 843 135 110 1,486 2,061 1w

400 63 302 301 50 420 50 0 63 0 1,116 533 24h

USD/HKD

1,893 63 1,550 3,389 3,552 6,180 743 1,225 63 150 10,448 8,361 1w

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

USD/PHP

0 0 5 2 25 51 146 51 0 0 32 248 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