FX option expiries for 1 May 10am New York cut ...Middle East

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FX option expiries for 1 May 10am New York cut

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

The first ones are for EUR/USD, layered in between 1.1250 through to 1.1330. The expiries don't tie in to any technical significance but could play a part in limiting price action, especially to the downside in the session ahead. That since the dollar is putting up a stronger showing since overnight trading, with the pair slipping past recent lows around 1.1310-15.

    Then, there is one for USD/JPY at the 144.00 level. It also isn't one that ties to any technical significance, so I wouldn't expect the expiries to factor too much into play for this one. -BOJ mood and dollar sentiment remain stronger drivers of price action at this stage.

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

    This article was written by Justin Low at www.forexlive.com.

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