FXO 26-10

There are a couple to take note of on the day, as highlighted in bold.

The first being for EUR/USD at 1.0540, although I would say the expiries may not factor into play all too much. They aren't associated with any technical significance, so it is just pretty much that - an expiry level on its own. Considering the market mood and if USD/JPY does continue to run higher, there is scope for more dollar strength and for the pair to fall back towards 1.0500. That will be a stronger factor than the expiry above.

Then, there is the one for USD/JPY at 150.00 but that is more of a factor considering the large amount we're seeing rolling off tomorrow instead at the figure level. For now, it seems like Tokyo has given the go-ahead to push past 150.00 but traders are still cautious so as to not overstep. Despite the extravagant size of the expiries today and tomorrow, the psychological play in USD/JPY outweighs that handily at the moment.

Besides that, there is one for USD/CAD at the 1.3800 mark although similar to the one for EUR/USD, it does not have any technical significance. As such, it might not factor into play in the session ahead. Adding to that is the one for NZD/USD at 0.5800, which also doesn't contain any technical significance. It could slow down the falling momentum a bit but with risk trades on the cusp of a further decline, it's hard to imagine the expiry alone holding sellers off on the day.

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