JPY carry trades downside pressure reinforced ex-post FOMC
The dovish Fed pivot is still alive that may indirectly put downside pressure on JPY carry trades, AUD/JPY worst performer
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The dovish Fed pivot is still alive that may indirectly put downside pressure on JPY carry trades, AUD/JPY worst performer
USD?JPY at risk of a multi-week bearish reversal if 2--day moving average now acting as a key support at 149.30 breaks down.
Current weak performance of the Nikkei 225 has been primary driven by S&P 500 not JPY movement, Japanese banks outperformed
Current earnings momentum, macro data, and an optimistic BoJ Ueda on the current upward trend in inflation are supporting Nikkei 225 bulls.
China GDP outperforms China starts week with strong data China’s GDP for Q4 showed an increase of 6.50% YoY for Q4, leaving China on track to expand by 2.30% for 2020. Industrial Production rose by an impressive 7.30% as the rest of the world’s insatiable demand for Made in China showed no signs of slowing down. By contrast, domestic data still showed the caution that has been prevalent throughout the year. Retail Sales for December rose 4.60% versus 5.50% expected, a cause for joy in any other country but China. That likely reflects the Covid-19 restrictions in parts of the country and t...