FX 2 Weekly Strategy: Asia, December 22nd - January 2nd

December 21, 2025 10:00 PM UTC

USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued

FX 2 Weekly Strategy: APAC, December 22nd - January 2nd

December 21, 2025 6:00 PM UTC

USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued

Chart USD/CAD Update: Further consolidation

December 19, 2025 4:44 PM UTC

Still little change, as prices extend consolidation beneath congestion resistance at 1.3800

FX 2 Weekly Strategy: December 22nd - January 2nd

December 19, 2025 3:25 PM UTC

USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued

U.S. November Existing Home Sales - A modest rise, but the third straight

December 19, 2025 3:21 PM UTC

November existing home sales, up 0.5% to 4.13m, are a little short of expectations, but still delivered a third straight increase with October revised up to a 1.5% increase from 1.3%.

Chart EUR/JPY Update: Fresh multi-year highs in JPY-driven trade

December 19, 2025 2:46 PM UTC

Cautious trade has given way to sharp JPY-driven gains

Canada October retail sales - A weak month, but November seen stronger

December 19, 2025 1:49 PM UTC

Canadian retail sales with a 0.2% October decline are weaker than the unchanged estimate made with September’s report, and suggest a continued subdued consumer picture. However the preliminary estimate for November is quite strong, with a rise of 1.2% projected.

Chart USD/RUB Update: Choppy trade - studies improving

December 19, 2025 1:34 PM UTC

Little change, as prices extend pressure on resistance at the 80.7250 Fibonacci retracement and congestion around 81.0000

Chart USD/ZAR Update: Consolidating losses - any gains to remain limited

December 19, 2025 12:28 PM UTC

Little change, as prices extend cautious trade

Chart EUR/CAD Update: Consolidating - room for a minor test lower

December 19, 2025 12:04 PM UTC

Still little change

Continuum Economics Calendar January 2026

December 19, 2025 12:00 PM UTC

Data and Events Calendar January 2026.

Chart EUR/CHF Update: Pressuring 0.9300

December 19, 2025 11:23 AM UTC

Anticipated losses have reached congestion support at 0.9300

Europe Summary and Highlights 19 December

December 19, 2025 11:08 AM UTC

USD/JPY continued to move sharply higher through the European morning, gaining 135 pips to 157.35 from an open near 156.

Psychology for major markets Dec 19

December 19, 2025 11:03 AM UTC

JPY continues to weaken despite BoJ rate hike

FX Daily Strategy: N America, December 19th

December 19, 2025 10:11 AM UTC

BoJ rate hike is not enough to reverse JPY decline
Forward guidance to be watched, but intervention may be necessary
GBP likely to hold gains as long as retail sales aren’t terrible
AUD may extend recovery on lower US yields

This week's five highlights

December 19, 2025 10:00 AM UTC

BoJ Hike by 25bps As Expected
BoE Splits More Entrenched
Is the tariff impact fading Shown in U.S. November CPI 
Sweden Riksbank On Hold and For Some Time Ahead
Norges Bank Still Far Too Cautious Despite Clear Output Gap