There are just a couple to take note of on the day, as highlighted in bold below.
And they are for EUR/USD at the 1.1700 and 1.1750 levels. As things stand, the expiries are sandwiching the current spot price and so will have the potential to act as bookends to price action in the session ahead. That at least until they roll off later in the day. The dollar is keeping steadier overall, clawing back some losses from after the FOMC meeting last week. So, that is keeping things in check with price action also more controlled so far this week.
There won’t be any major catalysts on the economic calendar today, so price action among major currencies shouldn’t be too volatile. The dollar will be eyeing the US CPI report tomorrow for the most part with the euro and pound needing to focus on the BOE.
As for the expiries board, just be wary of some relatively large ones for USD/JPY tomorrow starting with one at the 155.00 mark. Then, there will be much larger ones on figure levels on the way up from 156.00 through to 157.35. They may not factor into play but they are worth noting just in case we do see some extensions in price action to draw them closer.
For more information on how to use this data, you may refer to this post here.
Head on over to investingLive (formerly ForexLive) to get in on the know!
