Key currency option expiries at 1.1600-1.1625 for EUR/USD and 160.00 for USD/JPY could limit volatility amid broader market drivers.
EUR/USD option expiries at 1.1600 and 1.1625 levels may constrain price action today, though they lack technical significance. Broader dollar sentiment and risk appetite remain dominant drivers, with markets reacting to US-Iran deal developments and a positive tech sector mood following SpaceX’s recent success.
A larger expiry at 1.1500 for EUR/USD is unlikely to influence trading due to prevailing sentiment. Meanwhile, USD/JPY remains anchored near 160.00, with intervention risks from Tokyo officials on hold until the Bank of Japan’s upcoming meeting. Psychological factors continue to outweigh expiry impacts for the pair.
AUD/USD faces minor resistance at 0.7075, alongside its 100-day moving average at 0.7082, which could cap upside unless dollar weakness or improved risk sentiment emerges.