Exchange: Tokyo 25:00 / dollar weak, euro strong, leaning toward dollar weakness during NY hours

5:00 PM – 1:00 AM		2023/1/9
	OPEN	LAST	CHANGE
USD/JPY	132.25	131.95	▲ 30
EUR/USD	1.0675	1.0741	△ 66
GBP/USD	1.2137	1.2191	△ 54
AUD/USD	0.6916	0.6941	△ 25
EUR/JPY	141.16	141.72	△ 56
GBP/JPY	160.51	160.85	△ 34
AUD/JPY	91.46	91.60	△ 14

■ Position changes, signs - Monday, January 9

・Tokyo morning: yen broadly firm, dollar weak, pound and commodity/currency peers firm. As European session nears, broad yen weakness, dollar weakness strongest in the pound and then the Aussie. By New York time and until London fix, dollar weakening

・Daytime balance: euro/yen sell 140.68 was canceled. Dollar/yen decline is restrained, cross-yen stays solid. Maintain overnight positions.

・Led by euro/dollar, dollar/yen decline follows later.

■ Major Economic Indicators (US emphasis), interest rate decisions, events, news, etc.

・Chicago Fed President says next FOMC rate hike will be 0.25% = WSJ

・Richmond Fed President says reducing the pace of rate hikes to curb impact on economy

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

・Pillar Bank of England MPC member and Chief Economist

“If necessary, we will respond forcefully”

“Focusing on signs of persistent inflation”

“There are no signs that inflation is persistently increasing”

“Labor market indicators are starting to turn”

(If there is a change in the day balance and a new position is taken, it will be re-confirmed at the NY close and the new position will be moved to the overnight position, while the initial position will be settled. However, if a new day position is canceled mid-process, the initial position remains. Therefore, when a new position is created due to a change in the day balance, it will be a hedge against the initial position. Obviously, if canceled, a loss occurs.)