Dovish commentsa from Fed’s Waller… UsD dips but other markets not reacting.

USDJPY 15 Min Chart – So far, so good

Scroll below for my update pointing out a case for an intra-day low aa long as 155.60 holds
Thia was based on an Amazing Trader pattern and logic… Click to learn more> about this amazing charting algo
A look at the day ahead in U.S. and global markets from Mike Dolan
Wall Street’s best day of the year so far was rooted in inflation relief and a boom in bank stocks reporting bumper earnings, with a retail readout up next on Thursday.
After Tuesday’s sub-forecast producer price data, the December consumer price index also surprised and the annual ‘core’ CPI inflation rate showed disinflation resumin
NEWSQUAWK US OPEN
European equities lifted by Tech/Luxury updates, JPY bid as BoJ hike bets mount, US Retail Sales due
Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.
4 Things You Need to Know
European bourses opened on a strong footing and remain at highs, with Tech and Luxury among top performers; US futures mixed whilst NQ leads.
USD mixed vs. peers, JPY leads as BoJ hike bets mount after reports noted that BoJ is said to see a good chance of a January rate hike barring a major market rout, following Trump’s inauguration.
Gilts gap lower despite soft GDP, USTs await data and Treasury Secretary nominee Bessent’s confirmation hearing.
Crude takes a breather while base metals cheer risk appetite.
GVI 9:29 “marching orders”
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for the record:
“Gross domestic product down 0.2% in 2024
German economy contracts for second year in succession”
This blog article is worth revisiting as JPY crosses have been a driver today
Markets are like a river flowing downstream constantly looking for the path of least resistance. When it finds a clear path the pace of flow accelerates. This is a way to look at trading…
USDJPY 1 HOUR CHART –  BoJ Rate Hike Back on the Table

Selling ahead of the BoJ meeting next week, where a rate hike risk is back on the table, is again weighing on USDJPY and boosting the JPY on its crosses.
This chart, however, shows potential for a bottom today BUT ONLY IF it can stay above 155.60.
Otherwise, using 155-158 as a range puts 156.50 as the midpoint with a sEll bias while below it.
Daily chart shows a void until 153.15 if it stays below 156.
Range so far today: 155.20-156.54
GER30- 4 HOUR CHART –  Marching higher

A combination of a weak currency + expectations of further rate cuts seem to outweigh any other concerns as GER30 continues its march higher.
When in unchartered territory, use the most recent high as the only resistance.
To suggest another leg higher, 50529 needs to become support.
On the downside, expect support as long as it trades above 20000.
Thursday’s key data….See detailed previews
THU: ECB Minutes (Dec), BoK Policy Announcement; Australian Employment (Dec), UK GDP (Nov), EZ Trade Balance (Nov), US Import/Export Prices (Dec), Jobless Claims (w/e 11th), Retail Sales (Dec)
So What to expect from The Crypto World – BTC ?
Last two months of the previous year saw some extraordinary developments when it comes to Crypto currencies – Coins.
We have witnessed some mind-boggling rallies on Bitcoin, and all eyes have been glued to its performance.
But there are other Coins that deserve our attention as well:
Advanced Micro Devices Inc. – AMD
Fighting just above the trendline – and that was one lame attempt to break Up.
Technically speaking – it should continue Down for at least several days ( that is Time-Space ) and unless Trump declares it a Stock of the utmost importance for National Interests, do not expect some miracle…
114.00 first important Support – 99.85 last one.

SOLUSD Daily
Solana stayed shy of the Support trendline ( similar to Bitcoin) , and it has to take out 223.00 to attack the high.
However, it is still very much possible to see prolonged consolidation and to reach 160.00 prior to renewed Up Trend.
Be patient and do not try to run after it – you might end up buying a high that can last even several weeks….

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