FX option expiries for 21 January 10am New York cut

Currently, USD/JPY appears stable around the 158.00 mark, with traders exploring upside potential while being cautious of intervention risks from Tokyo. The article points out that the significant levels for the option expiries are at 158.00 and 158.50. However, these expiries may not hold much significance as the trading sentiment primarily relies on comments from government officials and the broader market mood. The Japanese yen continues to struggle despite a faltering dollar, highlighting its plight. Additionally, the slight cooling of Japanese government bond yields is another crucial factor that could influence USD/JPY. There will be further attention on Trump's appearance and meetings in Davos, which may have implications for market direction. Traders must remain vigilant about these dynamics moving forward.