FX option expiries for 28 February 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 sitting close to the 1.0400 level. The failure to get above 1.0500 is now seeing sellers run price action the other way on the week, helped by a stronger dollar after Trump’s latest tariffs theatrics. In any case, the expiries could help to lock price action a little and keep a lid on any bounce before we get to US trading today.

Then, there is one for USD/JPY at the 150.00 mark. The pair might be holding up and preventing a drop below its January low of 148.63 in the big picture. However, topside momentum is also still left wanting. The figure level is a tough one to get past, even more so with the 200-hour moving average at 150.15 still weighing. As such, the expiries should help to keep a lid on price action until we get to the US PCE price data later in the day.

As an aside, just be wary that month-end flows are still in play. From before: Month-end flows to favour the dollar – Deutsche

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.