Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
US futures have dipped slightly lower
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is now testing the Tenkan sen level. A successful attempt to move higher will fuel the exchange rate to hit the previous peak. On the other hand, a failed attempt to exceed the Tenkan sen level will push prices to find support at the upper level of the Kumo.
The market focus remains on possibility of peace negotiations between Russia and Ukraine.
A key event in today’s agenda will be the ECB meeting, where markets will get important signals on how the ECB sees the current situation between inflation and growth.
Markets were fully risk on yesterday as President Zelenskyi's deputy chief of staff I. Zhovkva hinted they are open for diplomatic talks regarding the country's neutrality. European and U.S. markets moved significantly higher on this information. DowJones climbed higher 2%, S&P 500 2.6% and NASDAQ 3.6%. Asian markets are following the rebound this morning. US futures have dipped slightly lower.
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.