FX option expiries for 15 January 10am New York cut

Today, the notable FX option expiry is at 1.3450 for GBP/USD. If an upside extension occurs during the session, this expiry might limit higher movement by pairing with key near-term levels. The 100-hour moving average is at 1.3440 and the 200-hour moving average is at 1.3461, which helped maintain gains in overnight trading. However, the impact of the expiry seems limited. Tomorrow, EUR/USD will have large expiries near 1.1700, warranting attention. More interesting might be the significant expiry for USD/JPY at the 160.00 level. Tokyo officials have communicated verbal intervention, calming bullish speculators since the tail end of Asian trading yesterday. With intervention risks rising, pushing above 159.00 could be limited. The expiry could draw price higher if actions keep close enough to this line in the near future.