FX option expiries for 11 August 10am New York cut
There aren't any major expiries to take note of on the day, with the full list seen below.
Markets are continuing to stay in the countdown to the US CPI report tomorrow. That is the main event this week and as such, major currencies are also more or less caught in a bind until we get to the data release.
The lack of expiries today will not give currency traders much to work with, so don't expect all too much action in European morning trade once again.
All eyes will stay on the Japanese yen, with the currency falling back again this week in erasing a chunk of the intervention move at the end of July. That is keeping the dollar supported as well, though the counter-balance to that is the softer US jobs report from Friday last week.
All that being said, USD/JPY will remain cautious the closer we get to the 160 mark. That could be the key psychological level in which we might see another round of joint intervention or perhaps even just Tokyo deciding to act on its own again, to at least try and make their presence felt.
Otherwise, the pressure valve will turn to the other side and move against Japanese officials once again. So, it's a careful line to thread right now for them.
Besides that, there's not too much of a focus for major currencies besides watching for how the dollar will react to the inflation numbers tomorrow.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at investinglive.com.提供 MainLink:Investinglive RSS Breaking News Feed
