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FX option expires April 18 at 10:00 a.m. New York Cut

There are a few to consider, as highlighted in bold.

The first are in USD/JPY, with the largest being a $6 billion set of expirations at 153.00. This seems quite far from the current spot price, but is worth considering given its size. This is just in case the price action moves to see it come into play, in which expirations could help limit any sudden and sharp decline in the pair.

Then there is also one at 154.50 for USD/JPY. But I don’t consider this to be a very important factor in influencing price developments. The 155.00 mark remains the most important psychological level at the moment, so it is the most crucial higher level to watch.

And finally, there is that of AUD/USD at the 0.6435 mark. This could help to see price action in the pair be more stable closer to this level before expirations occur later today. But as mentioned earlier this week, risk sentiment remains a much bigger factor right now. So, if stock futures rise, we can expect the Aussie to benefit as well, with this sentiment outweighing the pull of expirations.

For more information on how to use this data, you can refer to this article here.

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