FX option expiries for 21 May 10am New York cut
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On May 21, there are no major FX option expiries to note. Market sentiment is influenced by US-Iran negotiations, with Trump's recent comments boosting hopes for a breakthrough. This led to a strong close on Wall Street, although the dollar weakened slightly against major currencies. USD/JPY remains near the 159.00 level amid intervention risks. The market mood is currently cautious, with potential expiries impacting tomorrow's trading.
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