Currency markets are watching closely as EUR/USD faces option expiries at 1.1700 and 1.1750, providing potential boundaries for price action. Meanwhile, traders anticipate whether USD/JPY can break above the 150.00 mark, spurred by the latest political developments in Japan.

The foreign exchange market is closely watching a single significant option expiry for EUR/USD at the 1.1600 mark. While not a critical technical level, this expiry could still exert pressure on any upside moves as the dollar remains firm ahead of speeches at Jackson Hole.