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<p>These reflect a similar outcome in the Tokyo are data for December:</p><ul><li><a href="https://www.forexlive.com/news/tokyo-headline-cpi-for-december-24-yy-prior-26-20240108/" target="_blank">Tokyo headline CPI for December 2.4% y/y (prior 2.6%)</a></li></ul><p>The Bank o

<p>Info via Bloomberg</p><p>Restricting the short sale of stock is a short-term band-aid approach. It will provide some support for Chinese share markets though (as I say, short-term).</p><p>CITIC is the largest state-owned securities broker.</p><ul><li>Its stopped lending shares to individual investo

<p>USD/JPY had traded higher in the Asian morning, as high as circa 148.47.</p><p>I mentioned yesterday to expect some sort of verbal intervention given the swiftness of the yen's decline since late in December:</p><ul><li><a href="https://www.forexlive.com/centralbank/the-rapid-drop-in-the-yen-likel

<p>A <a href="https://www.wsj.com/world/china/china-goes-all-in-on-green-industry-to-jolt-ailing-economy-2f836395" target="_blank" rel="nofollow">Wall Street Journal </a>(gated) piece has a couple of snippets that pour cold water on the large-scale boost expected for China's economy from new grow

<p>Info comes via US CentCom just coming in:</p><ul><li>On January 18 at approximately 9 p.m. (Sanaa time), Iranian-backed Houthi terrorists launched two anti-ship ballistic missiles at M/V Chem Ranger, a Marshall Island-flagged, U.S.-Owned, Greek-operated tanker ship. </li><li>The crew observed the missiles impa

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/usdjpy-erases-early-advance-to-fall-flat-on-the-day-now-20240119/">USD/JPY erases early advance to fall flat on the day</a></li><li><a href="https://www.forexlive.com/news/us-futures-race-higher-as-equities-look-to-keep

<ul><li>Nearly all 'Fitch 20' economies will see central banks cut interest rates in 2024</li><li>The policy pivot will be widespread but not steep</li><li>Rates at the end of this year will still remain far above pre-pandemic levels</li><li>Expects no further rate hikes by the Fed, ECB, or

<p>I already outlined the technical predicament for AUD/USD earlier <a href="https://www.forexlive.com/news/audusd-looks-to-capitalise-on-yesterdays-technical-bounce-20240119/" target="_blank" rel="follow">here</a>. And the charts for USD/CAD and NZD/USD are also pointing to a lack of technical follow

<p>USD</p><ul><li>The Fed <a href="https://www.forexlive.com/news/fomc-decision-no-change-to-rates-2024-median-dot-46-vs-49-expected-20231213/">left interest rates unchanged</a> as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. </li><l

<p>The near-term chart for gold tells a better story on price action in the precious metal so far this year:</p><p>During the downside push two weeks ago, gold struggled to get above the key hourly moving averages. And after a break of the 100-hour (red line) and 200-hour (blue line) moving averages earlier this week, gold [&helli