Forex: Tokyo 12:00 / Yen broadly firmer, dollar weaker; euro/yen down as market tone shifts

7:00 AM – 12:00 PM		2023/1/9
	OPEN	LAST	CHANGE
USD/JPY	131.87	131.37	▲ 50
EUR/USD	1.0639	1.0677	△ 38
GBP/USD	1.2074	1.2136	△ 62
AUD/USD	0.6876	0.6926	△ 50
EUR/JPY	140.26	140.25	▲ 1
GBP/JPY	159.23	159.41	△ 18
AUD/JPY	90.67	90.97	△ 30

■ Position changes, signs – Monday, January 9

・Tokyo morning: yen broadly stronger, dollar weaker, sterling and Commonwealth currencies firm.

・Intraday balance changing: euro/yen selling to 140.68 as market sentiment shifts.

・Overall strong yen causing cross yen pairs to stall.

■ Major economic indicators (U.S. focus), rate decisions, events, news, etc.

・Chicago Fed President says next FOMC should raise rates by 0.25% – WSJ

・Richmond Fed President says smaller rate hikes will limit impact on economy

・Kansas City Fed President says Fed faces a complex situation regarding the labor market

(If there is a change in the intraday balance and new positions are taken, they will be confirmed at the New York close and the new positions will be moved to an overnight position, while the initial position is closed. However, if the new intraday positions are canceled, the initial positions up to that point will be maintained. Consequently, when new positions arise due to intraday balance changes, they will be in a hedged (double) position with the initial position. Naturally, there will be edge losses upon cancellation.)