The first being for EUR/USD at the 1.1700 level. Trading sentiment continues to be largely driven by the dollar and broader risk mood for the most part. In that regard, US-Iran headlines remain the key driver in terms of influencing price action.

The dollar was a little stronger on the return from the weekend. That comes as US-Iran talks continue to stall with Pakistan unable to push for more progress. However, some reports of Iran perhaps looking to offer some concession on the Strait of Hormuz is helping to soften the blow. And that is reaffirmed by a meet up between Iran foreign minister Araghchi and Oman officials.

As such, the dollar has lost some ground and we’re back to trading in a more tense mood ahead of European trading.

Circling back to EUR/USD, the expiries may not have too much of an impact overall. That as the more important downside technical level right now is the 200-day moving average at 1.1675. The key level is what is helping to limit the downside push for now and will remain a key fixture as we look to start the new week.

Then, there is one for USD/JPY at the 159.00 level. Similarly, the expiries don’t tie much to any technical significance. As such, the impact should be rather muted as dollar sentiment continues to be the bigger factor in driving price action.

The pair remains underpinned as the yen itself is unable to get off the floor. However, intervention risks are helping to cap any further upside momentum closer to the 160.00 mark for the time being.

For more information on how to use this data, you may refer to this post here.