There are a couple of expiries to take note of on the day, as highlighted in bold below.
The first ones are for EUR/USD at the 1.1600 and 1.1625 levels. The expiries don’t tie to any technical significance but could help to limit price action in the session ahead as traders digest the US-Iran deal.
Dollar sentiment and the overall risk mood remain the two bigger drivers of price movements, so those will be the more important things to take note of. For now, the dollar is weaker as risk is on the more positive side in reacting to the latest developments. The more successful SpaceX debut on Friday is also helping to keep tech shares in a good mood.
There is a particularly large set of expiries at 1.1500 but they are unlikely to feature into play given the prevailing market sentiment.
Then, there is one for USD/JPY at the 160.00 level. As has been the case in the past week, the expiries here won’t matter whatsoever.
The currency pair is caught in a psychological game with intervention risks being the bigger driver at the moment. However, Tokyo officials are unlikely to act before the BOJ meeting decision later this week. As such, USD/JPY may continue to weave in and around 160.00 for the time being regardless.
And lastly, there is one for AUD/USD at the 0.7075 level. It’s not anything major but alongside the 100-day moving average at 0.7082 currently, could help to just keep a lid on any upside price action unless the dollar ramps lower/risk mood picks up.
Otherwise, we’ll have to look to more headlines in the session ahead or wait until US trading before reassessing the overall risk mood to start the new week.
For more information on how to use this data, you may refer to this post here.
