Forex option expiries at 1.1600-1.1630 for EUR/USD and 159.00 for USD/JPY could limit price swings amid cautious trading.
EUR/USD option expiries at 1.1600 and 1.1630, alongside a 100-hour moving average at 1.1620, may restrict volatility in European trading. The pair remains sensitive to broader market sentiment and US-Iran headlines, which could override expiry impacts if new developments emerge.
USD/JPY faces an expiry at 159.00, with traders hesitant to push toward 160.00 due to intervention risks from Japan’s Ministry of Finance. The pair has traded cautiously near this level, reflecting concerns over potential official action to stabilize the yen.
Market focus remains on geopolitical risks, particularly US-Iran tensions, which could disrupt the limited range expected from today’s expiries. Without headline surprises, price action may stay subdued ahead of the weekend.