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.

Markets around the world brace for a day of notable economic reports, from Japan’s latest inflation figures to Germany’s second-quarter GDP data. As investors await Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, questions linger about how new data might influence future rate decisions.