Key FX option expiries at 1.1400 for EUR/USD and 161.50 for USD/JPY could sway trading ahead of New York’s 10am cut.
EUR/USD options expiring at 1.1400 may act as a magnet for price action, though the level lacks technical significance. The pair hovers near its 100-hour moving average at 1.1376, with limited downside momentum since Friday.
USD/JPY expiries at 161.50 are expected to have muted impact due to heightened intervention risks. The pair tests 2024 highs near 161.95, with traders wary of potential action by Japan’s Ministry of Finance.
Market focus remains on risk sentiment and headline-driven moves, as expiries could constrain volatility if conditions stabilize.