FX option expiries for 18 December 10am New York cut

This article provides information on the FX option expiries for today, December 18. The focus is on EUR/USD, with layered options between 1.1700 and 1.1800, and a significant level at 1.1750. Market participants are paying close attention to the ECB today, although major moves are not expected. Instead, the US CPI report is likely to generate more volatility for the dollar. The expiries around 1.1750 are expected to keep price action more constrained leading up to the main events later in the day. For USD/JPY, a notable expiry at the 156.00 mark is anticipated to cap the recent rebound, with current pricing around 155.85 as we head into the European morning trade. This situation is likely to persist until the US CPI release. With tomorrow being viewed as the final trading day of the year, there are numerous large expiries across the board that traders should keep in mind.