FX option expiries for 29 June 10am New York cut
There are just a couple to take note of expiries to take note of on the day, as highlighted in bold below.
The first being for EUR/USD at the 1.1400 level. It’s not one that ties to any technical significance but could act as a bit of a magnet for price action in the session ahead.
The key near-term level for the currency pair is the 100-hour moving average at 1.1376 currently. That as price action continues to hover close to the key level but not really chasing much firm downside direction since Friday. So, the expiries above may yet keep things in check should the overall risk mood hold steadier with headline risks being the only other consideration.
Then, there is one for USD/JPY at the 161.50 level. But as mentioned before, the state of play for the currency pair right now is all about intervention risks. As such, the impact of any large expiries is more than likely to be muted given the circumstances.
Buyers are continuing to poke and prod at the 2024 highs near 161.95 with fears that they could trigger action by the Japan ministry of finance if they overstep. So, that’s how things are playing out at the moment for USD/JPY.
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.