Key FX option expiries impact market stability today

Today, several foreign exchange (FX) option expiries are set to take place, with notable levels for different currency pairs. For the EUR/USD pair, the key levels are between 1.0800 and 1.0850. This range is likely to stabilize prices after a recent decline that favored sellers. Overall risk sentiment will remain a crucial factor influencing the dollar's performance. The USD/JPY pair has a significant expiry at the 149.00 level. This could help maintain the pair's stability ahead of US trading after a small recovery from earlier lows of 148.20. An expiry is also noted for USD/CAD at the 1.4300 level, but it lacks technical significance. It may provide some support for the pair before US trading starts. Lastly, there is an expiry for the AUD/USD pair at 0.6300, which also does not have technical significance. Current market signals suggest a more negative outlook for the Australian dollar if risk sentiment declines again. Overall, while the expiries are noteworthy, the prevailing risk mood is expected to have a larger impact on these currency pairs.