There are just a couple to take note of on the day, as highlighted in bold below.
The first one being for EUR/USD at the 1.1600 mark. It’s not the largest of expiries on the board for today but it is a decent-sized one at least. That could help to keep price action a bit stickier close to the figure level in the session ahead. However, an extension to the daily range could see price look for a downside test of its 200-day moving average at 1.1582. So, just be mindful of that.
A break under the key technical level above could pave the way for a shove towards a test of 1.1500 next. That as sellers remain in near-term control of the currency pair.
Then, there is one for USD/JPY at the 158.00 level. Any further jawboning or verbal intervention by Tokyo officials could easily cause swings in price movements and that is the bigger and more influential driver of price action at this stage.
Looking to next week though, there is very little to glance at on the expiries board. It’s a good reminder that it will be a long weekend in the US in observance of Martin Luther King Jr. Day
