USD/JPY
Later on the FOMC will be releasing their minutes. Please see here for Eamonn's previews. Last night saw some risk off sentiment enter the market with Trump making some negative comments about the US and China trade deal as well as on the North Korean meeting. As a result we have seen the Yen being bought. The Nikkei is currently down over one full %.
In the meantime we have some large option expiries which are in play until 1400GMT. $1.5 bln at 111.00 and $2 bln at 110. Watch for these levels to provide a floor and a ceiling to price before the FOMC minutes. The $2 bln expiry also coincides with the 100MA on the 4 hour chart and offers a good place to enter a long while containing risk under the 100 MA. How are you playing the USD/JPY today? How will you use these option expiries? Please leave comments below to educate, illuminate and entertain the ForexLive community.
