There are no major expiries to consider for today, so market sentiment will largely reflect yesterday’s movements. The dollar is in a mixed position, with USD/JPY lingering around its December lows below 150.00.
Ten-year Treasury yields are decreasing, approaching the 100-day moving average of 4.38%. This is a key level to observe as the week progresses.
EUR/USD remains below the crucial 1.0500 level, having retreated after an early rise. A negative risk mood has contributed to US stocks ending lower, as they await Nvidia’s earnings release.
Additionally, month-end flows may complicate market readings in upcoming sessions. Overall, expiries will not significantly affect trading sentiment today.
With no major option expirations influencing price action, investors are left to focus on broader market trends. Since there is no external pressure from large contracts rolling off, attention naturally shifts to how assets performed in the last session.
The dollar’s position varies depending on the pair in question. Against the yen, it remains weak. USD/JPY is still near its lowest level since December, trading under 150.00. This suggests traders are cautious, and it keeps intervention risks in view. With Japan’s authorities watching movements closely, any sharp declines could prompt action.
In the bond market, movements in US Treasury yields are drawing attention. The ten-year yield is edging lower and is now nearing the 100-day moving average of 4.38%. This threshold is one to watch closely. If yields dip below that mark convincingly, it could reinforce expectations of further declines, which would have clear knock-on effects for currency markets and equities.
Meanwhile, the euro remains under pressure. EUR/USD has failed to reclaim 1.0500, reversing after an initial attempt to move higher. A softer risk environment has added to downward momentum, contributing to weakness in US stocks. Market participants are treading carefully ahead of Nvidia’s earnings. The company’s results will likely influence sentiment, given its role in shaping expectations in the technology sector.
There is also the complication of month-end flows. These can create noise and make short-term price movements harder to interpret. As the final days of the month approach, adjustments by asset managers and corporate hedgers may temporarily mask underlying trends.
For now, with options-related influences taking a back seat, trading will be shaped by sentiment shifts, technical signals, and macroeconomic factors.
