Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Equities ended higher across the board
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading within the Kumo. Any decisive movement to the south will push prices to exit the cloud with further bearish sentiment. Alternatively, a higher thrust of the market would lead the currency pair to surpass the upper level of the cloud. The next resistance is seen at the previous top.
Equities ended higher across the board, led by the US, taking S&P 500 7% higher for the week. The pick-up in risk appetite was not due to an improvement in the situation in Ukraine, but simply easing uncertainty. VIX is down roughly 10 points for the week to just north of 20. Consumer discretionary and tech were among the best sectors, while defensives (utilities, real estate, staples) underperformed along with energy.
Dow Jones rose 0.8%, S&P500 1.2% and NASDAQ 2.1%. Asian markets and U.S. futures are in the red territory this morning.
In the FX space, EURUSD, focus this week turns to rising oil prices, PMIs and Fed speeches.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.