USD/JPY option expiries at 160.00 and 160.50 levels
The USD/JPY currency pair has option expiries at the 160.00 and 160.50 levels.
These expiries may not significantly influence price action.
Intervention risks remain a key factor for USD/JPY, with traders cautious of testing Japan’s ministry of finance.
The US CPI report may provide a catalyst for price movement, but Tokyo officials may respond to sudden pushes upwards.