Large EUR/USD and USD/JPY option expiries near current prices could limit intraday moves amid cautious risk sentiment.
EUR/USD faces notable option expiries between 1.1350 and 1.1410, with additional clusters extending beyond that range. These levels may act as magnets for price action, though they lack strong technical significance. The 100-hour moving average at 1.1386 could further cap near-term upside, particularly with expiries at 1.1400-1.1410 serving as resistance during European trading.
Broader risk sentiment and dollar strength remain primary drivers, with defensive positioning potentially pressuring EUR/USD lower. Downside expiries may provide support if selling accelerates. Meanwhile, USD/JPY expiries at 161.50 are unlikely to sway markets, as traders focus on potential intervention risks from Tokyo rather than option-related flows.
The expiries suggest limited intraday volatility, though external factors like risk appetite and intervention fears could override their influence.