There are a couple to take note of on the day, as highlighted in bold.
The first being for EUR/USD at the 1.1250 level. It isn't one that ties to any technical significance but the expiries do sit nearby the gap closure level after the pair opened with a gap down today. The dollar is in a better spot amid positive news from US-China talks over the weekend.
I wouldn't place too much emphasis on the expiries today as such, with headline risks being paramount. We're still waiting for the joint-statement by the US and China on what the next steps will be.
There's also one for USD/JPY at the 145.65 level but again, it's not one that ties to any technical significance either. As such, the impact of the expiries might be more muted as dollar and risk sentiment remain bigger drivers of how price action will behave in the session(s) ahead. That especially with headline risks also still taking center stage at the moment.
For now, the risk mood remains optimistic as equities race higher but dollar gains have not been all too material. There's a difference in levels to the exuberance so we'll have to see who has it right at the end of the day.
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This article was written by Justin Low at www.forexlive.com.Hence then, the article about fx option expiries for 12 may 10am new york cut was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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