Adds link to CPI risk premium on last line

• FX option traders report many sub 1-week expiry EUR/USD 1.0750 strike trades

• It's the current spot rate and would suggest market is long gamma nearby

• An abundance of existing strikes nearby can indicate long gamma positioning

• DTCC traded options data does show some very big strikes due to expire soon

• Largest on Monday between 1.0745-55 on 5-billion euros

• 1-billion euros each expire 1.0750 on Tues, Wed and Thurs next week

• Before those - 1-billion 1.0750 expire today and 2.1-billion 1.0745-60 Thurs

• Options price volatility risk for US CPI - may be little to inspire FX prior

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