There aren’t any major expiries to take note of on the day, though there are some large ones for EUR/USD and USD/JPY that could factor into play on any notable price extensions. But for now, they are sitting some distance away from the current spot prices. As such, trading sentiment will continue to be dictated by the usual suspects i.e. broader market mood and headline risks.

As things stand, dollar flows remain tied to the risk mood and the recovery bounce is starting to run into a bit of a roadblock. Trump continues to offer back-and-forth remarks on tariffs and there doesn’t seem to be much, if any at all, progress on trade negotiations with China. That’s still the number one issue plaguing market sentiment in this tariffs war.

So, that remains the bigger factor driving price action and will continue to stay that way in the session ahead.

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