Forex options expiring today

There are a few things to note during the day, as highlighted in bold text. These are for USD/JPY at levels 153.25 and 154.00. The pair dropped today to its lowest level in the past seven weeks, dipping slightly below the technical support from the 50.0% Fibonacci retracement level of the December rally at 153.75. The expiring options above these levels are not particularly significant from a technical standpoint, so there may not be enough factors to keep the pair around these price levels.

Instead, technical factors will be more interesting, even as the pair is now trading closer to expirations at 153.25. This might spark some interest, but the key support is closer to the 200-day moving average at 152.77. If there’s anything important, watch the bond market as the yield on the 10-year bonds is once again approaching the key level around 4.50%. As a reminder, this week is also an NFP week for the markets. And now, with Trump’s attention temporarily diverted from tariffs, the employment report will be a key focal point at the end of the week.