There aren’t any major expiries to take note of on the day, with the full list seen below.
Price action among major currencies will continue to revolve around dollar sentiment and the broader risk mood as such.
So, those will continue to be the key drivers impacting price movements in the sessions ahead. The risk mood especially is leaning more defensively, which is a minor tailwind for the dollar. That as tech shares continue to sell off with S&P 500 futures now nearing 1% losses ahead of European trading. So, keep an eye out for that.
Besides the above, USD/JPY will continue to offer up some intrigue for currency traders at least.
The currency pair was shoved down twice in US trading yesterday on suspected rate-check or a minor intervention nudge. But just as quickly as it went down, it has rebounded like nothing has happened.
But if that’s any indication, it is the fact that Tokyo officials are watching things closely and we may not be far off from them pulling the trigger on the next intervention move. That especially with price action threatening the 2024 highs currently.
For more information on how to use this data, you may refer to this post here.
