FX option expiries for 5 February 10am New York cut ...Middle East

And they are for USD/JPY at the 153.25 and 154.00 levels. The pair has dropped today to its lowest in seven weeks, inching below technical support from the 50.0 Fib retracement level of the swing higher in December at 153.75. The option expiries above do not hold much technical significance, so there might not be too much to really anchor the pair around those price levels.

If anything, keep an eye on the bond market though as 10-year yields are nudging back closer towards the pivotal neckline around 4.50%.

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.

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