FX option expiries for 22 May 10am New York cut

FX option expiries for the 22 May 10am New York cut show notable expiries for EUR/USD at 1.1600 and 1.1630 and a USD/JPY expiry at 159.00. These strikes may act as short-term caps on EUR/USD upside (the 100‑hour moving average sits near 1.1620) and keep USD/JPY sticky below the 160.00 intervention-sensitive level. However, the piece stresses that US–Iran headlines remain the dominant market driver and could override any expiry-related pinning. Overall, expiries are likely to narrow intraday ranges in European trading unless geopolitical headlines force outsized moves.