There are some larger expiries for EUR/USD and USD/JPY on the board for today. However, they are sitting quite a distance away from the prevailing spot levels. As such, they aren’t going to factor into play unless we get some headlines to jolt price action into life in the session ahead.
For now, the overall risk mood is more tentative with a lack of meaningful trade developments over the weekend. US futures are lower but the dollar is looking more muted against the major currencies space. There’s also month-end approaching, so that will also be a consideration for flows in the next few days. I’ll put up a separate post on that in a bit later.
Anyway, the expiries above aren’t going to feature much once again given the levels in play. In any case, traders are also keenly eyeing US-China trade relations and tariff headlines still in the new week. And those are the more important drivers at the moment.
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