Very quiet post Christmas Holiday markets have resulted in only small FX movement and most commodities and Stock markets have been closed.
Some USD strength against the GBP and AUD have been noted as the down trends in GBP/USD and AUD/USD continue. Commodities and some European Stock markets are open today but the action will really start with everything back online in the US session.
USD/JPY has been consolidating the recent sharp rally higher but support is expected on pullbacks with USD/JPY Y116 expected to support any larger sell off.
Data wise only Japan CPI and BOJ minutes highlight the last two days but towards the end of the week US unemployment claims will get the market focused on next weeks US NFP data.
In Stock markets the Dow is still hovering just under the key 20000 level and a break above in January will likely signal further gains with the trend firmly in place and no clear catalyst to prompt a correction just yet.
Trumps inauguration on the 20th of January is likely to dominate trader discussion in early January.
