There are quite a number to take note of on the board for the day, as highlighted in bold below.
The big ones are for EUR/USD layered across 1.1600 through to the 1.1700 mark, with larger ones centered around the 1.1650 level. That should at least keep price action more concentrated in the current range, with a weaker dollar in general across also helping to keep the pair underpinned this week.
But with the larger expiries, that could limit price movements in the session ahead at least – before the expiries roll off later in the day.
As for USD/JPY, there is one at the 155.70 level. That ties close to the 100-hour moving average of 155.67 currently, so that could help to limit any upside extensions in the session ahead. However, the pair continues to look a little heavier since yesterday amid a softer dollar and the continually reinvigorated expectations of a BOJ rate hike this month. The latest on that from here.
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!
