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

1,308 50 31 0 0 1,209 15 0 102 0 1,389 1,326 24h 14 July 2026 USD/CNY

3,823 1,061 546 552 1,006 2,890 549 403 204 493 6,989 4,539 1w Research analysts

260 127 626 123 156 1,144 422 0 0 0 1,292 1,565 24h

USD/KRW

943 587 2,045 847 902 9,064 2,880 413 1 0 5,324 12,358 1w

Asia FX Strategy 0 0 0 205 162 87 41 139 18 44 367 329 24h

USD/TWD

30 30 229 529 814 322 447 854 69 413 1,632 2,105 1w Craig Chan - NSL

0 0 53 141 586 204 206 445 192 225 781 1,272 24h craig.chan@nomura.com USD/INR

519 51 355 1,293 1,962 1,288 1,149 1,712 241 659 4,181 5,049 1w +65 6433 6544

140 110 824 480 151 20 792 0 0 0 1,704 812 24h

USD/SGD

206 360 1,892 1,067 293 705 1,563 165 0 0 3,818 2,432 1w Wee Choon Teo - NSL

weechoon.teo@nomura.com 0 0 0 17 199 0 50 10 0 20 215 80 24h

USD/IDR +65 6433 6107

40 0 205 679 738 448 567 848 135 130 1,661 2,127 1w

0 0 600 300 450 305 13 0 0 0 1,350 318 24h

USD/HKD

1,523 63 2,001 3,363 3,447 6,235 659 1,000 63 150 10,397 8,106 1w

0 0 6 0 6 0 10 0 6 0 13 17 24h

USD/PHP

0 0 11 2 31 51 135 51 6 0 45 243 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