There is just one to take note of on the board for the day, as highlighted in bold below.
That being for USD/JPY at the 155.00 level. Similar to yesterday, the expiries may factor into play in acting as a magnet for price action during the session ahead. However, the impact of the one for USD/JPY may not be as robust compared to other major currencies. The trading context is important in this case.
The currency pair remains locked in a battle as dip buyers are trying to push their agenda this week but facing up against intervention risks. The latter remains a key blockade in terms of limiting the pace of any gains, with some traders heeding caution amid potential for Tokyo officials to step in.
The key threshold seems to be anywhere above 155 to 159 at this stage. So, that will keep trading sentiment on edge. That especially with the dollar side of the equation also having to depend on geopolitical risks amid the ongoing tensions between US and Iran. That will also be a key risk factor before the weekend comes along.
For more information on how to use this data, you may refer to this post here.
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