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FX option expires April 22 at 10:00 a.m. New York Cut

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

The first concerns USD/JPY at 155.00. As at the end of last week, this is one to watch as the pair remains supported by higher yields and easing geopolitical tensions in broader markets. There are many watchful observers at this level as it could constitute a point of intervention for the BOJ. As such, expirations and aligned bids are likely to help pin down price action until we get to the next trigger.

Then there is GBP/USD at 1.2400. The level doesn’t have much technical significance, but expirations could limit price action on any upside before tapering off later in the day.

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

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