FX option expiries influence price movements in New York

On March 18, traders are watching key foreign exchange (FX) options that will expire at 10 AM New York time. These expiries could influence currency movements throughout the trading session. One significant expiry is for the EUR/USD pair at the 1.0900 level. This level could attract trading activity and help stabilize prices around it. If market sentiment improves, it may impact trading more than these options. Currently, U.S. futures are struggling, which is keeping the euro lower against the dollar. Another important expiry is for USD/JPY at the 150.00 level. This may limit any increases in the dollar's value against the yen until the options expire later in the day. Additionally, there is an expiry for USD/CHF at the 0.8800 level. Similar to EUR/USD, this could restrict price movements until U.S. trading begins, unless there are significant changes in market sentiment during European trading. Traders are advised to monitor these developments closely as they may affect currency trading patterns.