FX Expiries for today's NY Cut: EUR and JPY in focus

Today's FX expiries highlight significant levels in EUR/USD and USD/JPY that could influence market flows leading up to the NY cut.

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China's Commerce Ministry announces plan to integrate oversea service platform, offering one stop supports such as legal, tax, finance, logistics and trade services for firms looking to expand internationally

Russia's Kremlin says that constructive talks with Ukraine are underway, according to RIA

FX Expiries for today's NY Cut: EUR and JPY in focus

Chinese Commerce Ministry Official says China and the US maintained communication at various levels following the leaders' summit in South Korea

Chinese Commerce Ministry Official says they will roll out new policies in a timely manner; they will support foreign firms in boosting consumption and government procurement

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  • EUR/USD: 1.1780 (1.5bln), 1.1800 (550mln), 1.1825 (417mln), 1.1840 (304mln), 1.1910-15 (607mln)
  • USD/JPY: 153.00 (300mln), 154.25 (200mln), 155.50 (263mln), 156.00 (1bln)  
  • USD/CAD: 1.3695 (220mln), 1.3755 (384mln), 1.3800 (1.7bln)
  • USD/CHF: 0.7760 (300mln)
  • EUR/CHF: 0.9260 (415mln)
  • GBP/USD: 1.3550 (256mln)
  • AUD/USD: 0.6800 (744mln)
  • AUD/NZD: 1.1620 (284mln), 1.1640 (283mln)
Context

For EUR/USD, the concentration of expiries around the 1.1780 and 1.1800 levels, along with the larger expiry at 1.1910-15, suggests a critical zone to watch for potential volatility. Similarly, in USD/JPY, the large expiry at 156.00 indicates a possible pivot point that traders may react to as positions are unwound or adjusted during the session.

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