A look at what’s on the board for today
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A couple of great things to keep in mind, as highlighted in Audaz .
In particular, those in focus will be on EUR / USD and USD / JPY with other currency pairs not looking very close to the current spot price entering the US employment report.
re are layers of EUR / USD expirations from 1.1820 to 1.1915 that could add some rigidity to price action even though the pair is flirting with a drop below the June 18 low to 1,1847. for the moment.
Meanwhile, USD / JPY is testing late March 2020 highs at 111.50-71 with large maturities also seen in this region and also bearish at 111.00 today.
That being said, the post reaction to nonfarm payrolls is also a key factor to consider as this could cause sentiment to prevail over the rest of the market.
For more information on how to use this data, you can refer to this post here.