Currency option expires 12 January 10:00 for New York outage


There are a few points to note as highlighted above bold.

The first is the 1.1000 level for EUR/USD, which has remained an important resistance point for the pair since the beginning of the year. Therefore, expirations will add another layer of resistance that will help limit any upward price movements that may occur later the day before we get US PPI data.

Then there is the 145.00 level for USD/JPY. Similarly, as long as the bond market remains afloat, downward price movement should be more limited for now. If yields decline, that will continue to be the key driver of momentum for USD/JPY in the bigger picture today.

For more information on how to use this data, you can refer to the article here.

Leave a Reply

Your email address will not be published. Required fields are marked *