Large EUR/USD option expiries at key levels could limit intraday price swings ahead of US trading hours.
EUR/USD faces notable option expiries at 1.1540 and 1.1600 levels during the 10am New York cut, which may constrain price movements. The 1.1600 expiry, in particular, could cap upside as the USD strengthens in overnight trading.
While these levels lack technical significance, their size may act as magnets for spot prices, especially amid a cautious risk environment following Wall Street gains. USD/JPY also warrants attention as yen intervention risks rise post-BOJ decision.
Market participants are monitoring these expiries for potential intraday support or resistance, though broader trends remain driven by dollar strength and risk sentiment.