There is arguably just one to take note of on the board for the day, as highlighted in bold below.
That being a large one for USD/JPY at the 156.15 level. The pair has been seeing a lot of pushing and pulling all through the week, largely holding between 156 to 157 since Tuesday. The latest dip today is no different, with markets taking on a defensive risk tone in general. Equities fell off yesterday and we’re seeing US futures dip further as Nvidia scrutiny in China continues to grow.
That puts some light downside pressure on the pair but we might not get all the way to the expiries seen above. There is still some support from the 200-hour moving average at 156.46 currently. But amid a further drop during the session ahead, the expiries could play a role in anchoring further declines in European morning trade at least.
There are also modestly large ones for EUR/USD at 1.1660 and AUD/USD at 0.6730. But all else being equal, they may not factor too much into play given a lack of technical significance alongside the prevailing risk mood.
For more information on how to use this data, you may refer to this post here.
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