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EUR/USD option expiries at 1.1400 set up intraday pull on July 22

Traders are also watching a USD/JPY expiry at 163.00, though intervention risk is expected to matter more than the options levels.

Reported · Written up by our desk · Major Pairs

Forexlive highlights two FX option expiries to watch on July 22, with the largest focus on EUR/USD expiring at the 1.1400 level in the 10am New York cut.

The outlet notes the dollar has pushed higher overnight on the back of higher yields, and that price action is now clustering around expiries and the 1.1400 figure, which can act like a pull or magnet before rolling off later in the day.

Forexlive says there is little on the economic calendar, so larger EUR/USD expiries are more likely to influence price action unless headline risks move the market or the dollar extends its rally.

For USD/JPY, Forexlive points to an expiry at 163.00 but cautions that intervention risks are the key driver for the pair right now, making traders more guarded and less reliant on the options level to direct moves.

Latest closeEUR/USD 1.141 ▼0.0%|USD/JPY 162.90 ▲0.3%

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