The closest one that could factor into play are the ones for EUR/USD at the 1.1500 level. That being said, the fact remains that there is a bigger influence on price action currently. And that is oil prices, which is the tail wagging the dog in markets.

That is continuing to be the key driver in impacting dollar and risk sentiment this week, so that remains the most important influence for trading sentiment. As such, don’t expect much in terms of impact from the expiries in terms of swaying price action.

However, the expiries at 1.1500 could act alongside some key technical support at the figure level itself (namely the November lows) in helping to limit downside movements in European morning trade. But again, I would pin more influence to oil prices and dollar sentiment than expiries at a time like this.

If the dollar continues to make waves, that will be a key line in the sand to watch out for. A break below that could set off further and heavier selling in EUR/USD.

Besides that, just be wary of potential intervention risks from Tokyo as USD/JPY creeps back up to above 159.00. This was what triggered the ‘rate check’ in late January and we’re now testing the same levels again. The 160.00 mark will be a massive psychological battleground and likely a level that Tokyo officials might not want to give up on so easily.

For more information on how to use this data, you may refer to this post here.

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