EUR 1.1475 and JPY 162.00 option expiries today could limit volatility near key technical levels.
EUR/USD faces option expiries at 1.1475, close to the 2 July high of 1.1472, which may act as minor resistance. The pair has risen as the USD weakens following softer US PPI data, but expiries could temper further gains unless resistance is broken decisively.
USD/JPY expiries at 162.00 are unlikely to drive significant moves, with intervention risks from Japan’s Ministry of Finance remaining the primary influence. The yen continues to struggle, failing to capitalize on USD weakness, keeping upward pressure on the pair.
Traders are cautious ahead of the New York cut, monitoring whether expiries will reinforce technical levels or give way to broader trends.