FX option expiries for 5 June 10am New York cut

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

The first ones are for EUR/USD at the 1.1380, 1.1400, and 1.1425 levels. The large ones in particular hold closer to the figure level and are likely to hold price action in and around the 1.1400 mark. That especially with the euro itself eyeing the ECB policy decision later today, even if market pricing already confirms a 25 bps rate cut. The odds priced in are at ~97% currently. So, the expiries should just act as bookends in case we see some extension in dollar sentiment.

Meanwhile, there are also ones for USD/JPY at the 143.00 level. That might play a role in locking price action a fair bit before we get the next swing in the dollar again. It has been a back and forth week for the pair so far, with the larger moves typically coming in US trading.

Similarly, that will also apply to the expiries for USD/CHF at the 0.8200 level. They aren't ones to hold any technical significance, so any potential impact will follow the same as per the ones for USD/JPY above. But remember, dollar flows/sentiment is still the name of the game as we await more trade headlines and the US jobs report tomorrow.

And lastly, there are ones for AUD/USD at the 0.6490 level. And that alongside the 0.6500 mark should help limit any major upside for the pair unless buyers find enough conviction to finally break free of the figure level. But to do so, it will need to be accompanied by broader dollar selling elsewhere. So, that is the bigger thing to be mindful about.

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