There are just a couple of expiries to take note of on the day, as highlighted in bold below.

The big one is for EUR/USD at the 1.1400 level. With the dollar pushing higher overnight on the back of higher yields, that is now centering price action near the expiries and the figure level. As such, the expiries above are likely to act as a pull/magnet for price action before rolling off later in the day.

That unless we see headline risks stir things up and/or if the dollar decides to run again amid broader market developments. But for now, Treasuries remain calmer and we’re not seeing too much influence from the risk side of things.

And with little on the economic calendar, it means that the larger expiries for EUR/USD will have the potential to exert its influence on price action barring any major headlines in the session ahead. So, it would be likely to see price movements center around and closely around the 1.1400 mark before we get to US trading later.

Then, there is one for USD/JPY at the 163.00 level. But as mentioned before, intervention risks are what matters the most for the currency pair right now.

A little more on that from earlier: USD/JPY stays in focus after run to fresh 40-year high

As such, don’t expect the expiries above to have too much of any impact in driving price movements. If anything, traders will be more guarded due to intervention risks rather than any pull from the expiries – which are likely to be more coincidental in this instance.

For more information on how to use this data, you may refer to this post here.

This article was written by Justin Low at investinglive.com.