FX Daily Strategy: Asia, January 14th

January 13, 2026 10:00 PM UTC

US retail sales the next data focus
USD strength and JPY weakness persist
JPY weakness likely to continue unless the BoJ intervene
AUD and NOK may benefit from strong equities

North American Summary and Highlights 13 Jan

January 13, 2026 8:44 PM UTC

Overview - The USD slipped on a softer than expected US core CPI but ended slightly firmer. 

Preview: Due January 23 - U.S. Q3 Current Account - Correction from record pre-tariff deficit extending further

January 13, 2026 5:22 PM UTC

We expect a Q3 US current account deficit of $223bn, down from $251.3bn in Q2 and the narrowest since Q3 2023. As a proportion of GDP the deficit would be 2.9%, down from 3.3% in Q2 and the narrowest since Q1 2020. The correction from the record $439.8bn pre-tariff deficit in Q1 continues. 

Chart USD/BRL Update: Consolidating - studies under pressure

January 13, 2026 4:41 PM UTC

Little change, as prices extend cautious trade within the 5.3500 - 5.4000 range

FX Daily Strategy: APAC, January 14th

January 13, 2026 4:35 PM UTC

 US retail sales the next data focus
USD strength and JPY weakness persist
JPY weakness likely to continue unless the BoJ intervene
AUD and NOK may benefit from strong equities

Chart USD/CAD Update: Cautious trade - more positive above 1.3900~

January 13, 2026 4:28 PM UTC

Little change, as prices extend cautious trade

Preview: Due January 14 - U.S. December Existing Home Sales - Momentum building

January 13, 2026 4:24 PM UTC

We expect December existing home sales to increase by 2.9% to 4.25m, which would be the strongest of four straight gains after a modest 0.5% rise in November. 

U.S. Fed's Musalem - Little reason for near term easing

January 13, 2026 4:19 PM UTC

Fed's Musalem sees both recent employment and CPI data as good, and seems happy with where policy is.

U.S. September and October New Home Sales - Trend showing signs of improvement

January 13, 2026 3:23 PM UTC

October new home sales at 737k are slightly above consensus and almost unchanged from September’s 738k, which was released for the first time with this October report. August however was revised down quite sharply from a surprisingly strong 800k to 711k, while June and July were also revised lower

Preview: Due January 14 - U.S. October and November PPI - Moderate gains, with risk of some volatility

January 13, 2026 2:49 PM UTC

October and November PPI will be released together on January 14. Unlike CPI which was not measured in October we will see data for both months, but the October PPI data will be collected on a delay and that adds to the risk of inaccuracy. We expect PPI to rise by 0.1% in October and 0.3% in Novembe