There are a few important FX option expiries to note for September 9 at 10 AM New York time. EUR/USD expiries are between the 1.1750 and 1.1800 levels. The pair has broken through resistance at 1.1730-40, pointing to more potential gains. However, the 1.1800 expiries and resistance near the July highs may limit progress during European trading. The dollar is currently weak, but the euro faces challenges from France’s political situation.

Option Expiry Levels

For USD/JPY, expiries are at the 147.00 level, which won’t significantly affect technical outcomes. Short-term support is closer to 146.55-63, which may be more relevant for any price changes. For EUR/USD, we see the option expiries between 1.1750 and 1.1800 acting as a short-term barrier. This view is supported by recent Eurostat data showing that France’s Q2 2025 budget deficit widened to 5.8%. This raises concerns about new EU fiscal rules and could dampen euro enthusiasm. As a result, traders might consider these levels as good points for taking profits on long positions or starting short-term bearish plays. It’s also important to consider the dollar’s underlying weakness, especially after last week’s Fed statements suggesting a pause in rate hikes. Remember the dollar sell-off after the last hike in mid-2024, which lifted the EUR/USD pair from lower levels. This implies that any dips in EUR/USD from European political news may provide buying opportunities for those looking to play the long game.

Key Technical Levels

For USD/JPY, the 147.00 expiry isn’t a major technical event. However, we should remember that the 145-150 zone was previously a subject of intervention by the Ministry of Finance in late 2022 and 2023. Any significant move higher could bring about official warnings and increased volatility. The key area to watch is the support level at 146.55-63, which proved sturdy during last week’s trading. With Japan’s recent core inflation figures just above the Bank of Japan’s 2% target, there’s little urgency for them to tighten their policy aggressively. This makes that support level a logical point for traders to look for buying opportunities as they aim for a move back to recent range highs. Create your live VT Markets account and start trading now.

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