There are a few to consider, as highlighted in bold.
The first concerns EUR/USD at 1.0640-45 with around 1.9 billion euros of scheduled maturities. This is not a technically significant region, but expirations could attempt to delay any price increases before they begin.
Then there is the one for USD/JPY at 155.00. I doubt this will come into play, but just keep in mind that as the BOJ also monitors this level, expirations and profit taking could come into play to determine prices before breaking above the set level.
That being said, just be wary that on days like these, overall market sentiment trumps everything else. Right now, traders are going to be pretty sensitive to Israeli-Iranian headlines. We must also take into account the risks of the weekend, which could favor security flows. But otherwise, it’s the market mood that dictates the pace of things today.
For more information on how to use this data, you can refer to this article here.
cnbctv18-forexlive
