There are just a couple of expiries to take note of on the board, as highlighted in bold below.
That being for EUR/USD at the 1.1540 and 1.1600 levels. The expiries don’t tie to any technical significance but could limit price movements for the currency pair in the session ahead at least.
The ones at 1.1600 especially could help to keep a lid on price action until we get to US trading, with the dollar having swung back to a firmer position in overnight trading.
The prevailing risk mood is also more tepid and tentative today, following the gains in Wall Street yesterday. So, that’s not leaving all too much to work with as we look to European trading later.
Besides that, just be wary on USD/JPY as yen-tervention risks will now be heightened as the yen can’t get off the floor even after the BOJ decision.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at investinglive.com.
