There’s not much to pick up on when looking at the option expiries board for today. As such, trading sentiment will continue to ride more heavily on the risk mood among other things. But amid another round of intervention play from Tokyo – which was quite forceful – the dollar is also experiencing some pressures across the board.

So, there’s also that to factor into the equation for the day ahead.

The overall market mood remains more positive for now, as traders and investors continue to cling on to hope for a more positive outcome between the US and Iran sooner rather than later.

The latest headlines sees US president Trump put a pause on the supposed venture into the Strait of Hormuz, citing “great progress” in dealing with Iran. Trump is putting a pin in his ‘Project Freedom’ as he says that they may be close to signing off on an agreement with Iranian officials. So, we’ll have to wait and see.

In the meantime, the US naval blockade continues and the Strait of Hormuz lockdown looks set to extend to an eleventh straight week. Tick tock, tick tock. The strain on the global economy just continues to grow day by day.

So yeah, expect major currencies to move around following the headlines and also USD/JPY intervention plays. On the latter though, Japan’s MOF has developed a pattern for taking action during the handover period from Asia to Europe since last week. And that was also the case today, amid a Japanese market holiday. So, is that them being done for the day? We can only wait and see.

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