FX: Tokyo 25:00 / slight yen rise and dollar rise, aussie selling, AUD/JPY selling as market tone shifts

5:00 PM – 1:00 AM		2023/1/10
	OPEN	LAST	CHANGE
USD/JPY	132.22	132.16	▲ 6
EUR/USD	1.0730	1.0728	▲ 2
GBP/USD	1.2149	1.2147	▲ 2
AUD/USD	0.6894	0.6881	▲ 13
EUR/JPY	141.88	141.79	▲ 9
GBP/JPY	160.64	160.55	▲ 9
AUD/JPY	91.18	90.95	▲ 23

■ Position Change, Signals – Tuesday, January 10

・Tokyo morning: yen strength and dollar strength, on the back of the previous day’s rebound, a weakness in the sterling and other Commonwealth currencies. As European time nears, yen weakness, pound weakness, and euro remain as is. From New York to London fix, slight yen strength and dollar strength.

・Balance of Japan and China shifting: Aussie卖り (selling AUD) at 0.6903, AUD/JPY selling at 91.15, and USD/JPY buying at 132.15, indicating a change in market tone.

・Dollar/yen and euro/dollar remain unmoved; Cross against sterling, euro/sterling, euro/aussie, and euro/yen seem to be moving with the Commonwealth currencies.

・AUD is showing a selling tendency on the back of the prior day rebound.

■Key Economic Indicators (US focus), interest rate decisions, events, news, etc.

・December Tokyo metropolitan area CPI (core) year-on-year △4.0% (previous △3.6%)

・November US Wholesale Trade (MoM) ▲0.6% (previous △0.4%)

・Powell, Chair of the Federal Reserve Board

“FRB tools are functioning well; there is no issue with our mandate.”

“The financial system is currently more resilient in real terms.”

“The Fed recently employed its tools innovatively in the latest crisis.”

(If there is a change in the day-to-day balance and a new position is taken, it will be reviewed at the close of New York and new positions will be moved to the overnight position, while the initial position is settled. However, if a new day-trading position is canceled mid-way, the initial position remains. Therefore, when new positions arise due to changes in the intraday balance, it will be a hedge against the initial position. Naturally, if canceled, there will be a loss.)