EUR/USD expiries between 1.1500-1.1550 and benign US inflation data could curb further declines in the session ahead.
EUR/USD option expiries clustered between 1.1500 and 1.1550 may restrict downside moves, particularly after benign US CPI data removed near-term inflation concerns. Bids near 1.1500 could provide additional support, limiting extended losses in European trading hours.
The 100-day moving average at 1.1565 remains a key resistance level, capping upside potential for the pair. While expiries at 1.1545-1.1550 are sizable, their impact may be muted as traders focus on broader dollar sentiment and technical barriers.
USD/JPY expiries at 159.00 are unlikely to influence price action significantly, with intervention risks remaining the primary driver for the pair. Absent fresh catalysts, traders may turn to US-Iran developments or USD/JPY dynamics for direction.