FX option expiries for 31 July 10am New York cut

There are just a couple to take note of, as highlighted in bold.

They are for USD/JPY and in a wider range, considering the volatility in the pair as we digest the BOJ decision. There is one at 152.50 which doesn’t hold much technical significance. But it could hold price from moving too much to the downside for now, although I would argue the 200-day moving average at 151.63 remains the more crucial level in the bigger picture.

Then, there is the one at 155.00 which is similar to yesterday. We’re roughly 200 pips away from that now, so it might not be one to factor into play. But a push back above the 100-hour moving average at 153.68 will definitely open the door for an upside move as we look towards US trading.

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.