Major Option Expiry Points for Sept 17 New York Cut

A few important option expiry levels stand out for today.

For EUR/USD, the major strikes are at 1.1430, 1.1450, and 1.1500. All three are near the current spot price, so their influence could be more significant than others.

The 1.1430 and 1.1450 strikes lack technical significance but might still lead to choppy two-way price action before the expiry. They could serve as support for any downside moves. The 1.1450 level is the first layer of defense, with 1.1430 behind it.

The dollar strengthened overnight following a hawkish Fed response. If that continues today, EUR/USD may drift toward the expiry levels, making them more relevant.

The 1.1500 strikes are notably large, potentially capping any retracement or pullback in the session.

For USD/JPY, there is a large expiry at 156.00, also near spot. This may act as a magnet, keeping price action around that level before the cutoff.

The dollar is not building on yesterday's gains for now, which also limits USD/JPY moves. Without sharp pullbacks, this expiry could still affect price action later.

No other significant expiries are noted for the day.

Dollar sentiment and the Fed reaction's aftermath remain the main market drivers, alongside these option expiries for major currencies.