FX option expiries for 16 September 10am New York cut

Major foreign exchange option expiries scheduled for the 10am New York cut on September 16 are set to influence intraday currency volatility, with traders closely monitoring key strike levels ahead of the impending Federal Reserve interest rate decision. The most notable expiry sits in USD/JPY at the 155.00 level. Given the psychological and technical importance of the 155.00 mark throughout recent sessions, dealers note that hedging flows around this strike could create sticky price action and cushion downside pullbacks if the pair drifts lower. Elsewhere across the G10 currency space, a sizeable batch of option expiries is positioned in AUD/USD at 0.7130, which may act as a magnet and drive choppy, rangebound trading conditions prior to the cut. EUR/USD also features an expiry at 1.1595. Market participants are anticipated to maintain a cautious and muted stance ahead of the Federal Reserve policy announcement, making option expiry hedging flows a primary driver of short-term order book liquidity and price behavior.