Insights 
VT 
There are a couple of FX option expiries to note for 9 September at 10 AM New York time.
EUR/USD expiries are located at 1.1750 to 1.1800 levels. The pair has broken above resistance around 1.1730-40, suggesting potential for further upside. However, 1.1800 expiries and resistance near July highs may cap gains during European trading. The dollar is weak, yet the euro faces challenges from France’s political landscape.
Option Expiry Levels
USD/JPY expiries are at the 147.00 level, lacking major technical impact. Short-term support is closer to 146.55-63, which may be more relevant for any price range extensions.
For additional insights on option contracts, further resources are available.
For EUR/USD, we see the option expiries between 1.1750 and 1.1800 acting as a short-term ceiling. This view is strengthened by recent Eurostat data showing France’s Q2 2025 budget deficit widened to 5.8%, raising concerns about new EU fiscal rules and potentially capping euro enthusiasm. Therefore, traders might consider these option levels a good area to take profit on long positions or initiate short-term bearish plays.
The underlying weakness in the dollar should not be ignored, especially after last week’s statements from the Fed hinting at a pause in rate hikes. We remember the dollar sell-off that occurred after the final hike in mid-2024, which helped lift this pair from lower levels. This suggests that any dips in EUR/USD caused by European political news could present buying opportunities for those playing a longer game.
Key Technical Levels
Regarding USD/JPY, the 147.00 expiry is not a major technical event in itself. However, we must be mindful that this entire 145-150 zone was a battleground for Ministry of Finance intervention back in late 2022 and 2023. Any sustained move higher could bring back official warnings and create volatility.
The more significant area to watch remains the support down at 146.55-63, which held firm during last week’s trading. With Japan’s latest core inflation figures holding just above the Bank of Japan’s 2% target, there is little pressure for them to tighten policy aggressively. This makes that support level a logical place for traders to look for dips to buy for a move back towards the recent range highs.
