Minor currency option expiries today shift focus to US tech earnings and risk sentiment amid a global equities selloff.
FX option expiries for today’s 10am New York cut are light, removing a key driver for currency moves. Traders are instead bracing for volatility tied to US tech earnings and broader risk sentiment after a sharp selloff in Asian markets overnight.
S&P 500 futures are down 0.3% while Nasdaq futures have fallen 1%, reflecting jitters over AI-related stocks. Meta, Microsoft, Amazon, and Apple report earnings this week, with results likely to dictate market direction. Month-end flows and geopolitical headlines, including US-Iran tensions, may further influence the dollar and risk assets.
USD/JPY remains in focus as it tests the 164 level, with intervention risks still a concern. The absence of major expiries leaves currencies vulnerable to external shocks rather than technical or pre-fixed narratives.