There are a few large expiries to take note of on the day, as highlighted in bold below.
However, they do sit quite a distance away from the current spot price. As such, the expiries highlighted may not feature much into play but is worth noting just in case.
The first one is for EUR/USD at the 1.1500 level. The currency pair traded up to fresh highs since last Monday after the softer US jobs report yesterday. And the upside bounce is sticking with a push to around 1.1450 today. The near-term bias has shifted to favour buyers again, so that opens up some room to work with in ending the week.
On any further upside price extensions, the expiries at the 1.1500 mark may play a part in limiting price gains as such. However, just be wary that we could either see some exacerbated price moves or a relatively quiet end to the week considering that US markets are closed. It all depends on trading appetite but I’m more inclined to lean towards the latter, given the more pensive broader market mood as of late.
Then, there is also one for USD/JPY at the 161.50 level. But again, this is one currency pair that is being heavily influenced by external factors more so than anything else. And in this case, that factor is the intervention threat from Japan’s ministry of finance.
That will supersede any potential impact of the expiries above and also dollar sentiment for the most part.
For more information on how to use this data, you may refer to this post here.
