Before the European market, the euro and the yen oscillated upwards, and the pound sterling rushed higher and fell back

As of 16:09 Beijing time on January 19, CME EUR/USD main contract 6EH2 reported 1.13460, up 0.06%, trading 32,000 lots, holding 680,000 lots; GBP/USD main contract 6BH2 reported 1.3590, down 0.03%, traded 20,000 lots, with a position of 179,000 lots; JPY/USD main contract 6JH2 reported 0.0087450, up 0.19%, traded 36,000 lots, holding 200,000 lots. Analysts at international derivatives think tanks believe that EUR/USD closed down nearly 100 points on Tuesday, high at 1.14210, closing at 1.1328, down 0.69%, the worst performance in months, due to the continued rise in US Treasury yields and the sharp decline in stock indexes. The U.S. market has returned to trading since the holiday break, and the focus is quickly on the Federal Reserve's upcoming launch of its first monetary policy of the year next week. Markets expect friction to accelerate the pace of rate hikes, with the 10-year Treasury yield recording 1.84% and the 30-year Treasury yield recording 2.17%. Stronger U.S. Treasury yields and markets remained safe-haven on Tuesday boosted the dollar, particularly against European currencies. Soaring U.S. bond yields continued to support the dollar and helped limit further usd/JPY decline. USDJPY gained positive traction in the first half of Tuesday's trading, and widening us-Japan Yield Spreads is seen as a key driver of USDJPY. Despite the support, the risk-averse impulse has forced investors to turn to traditional safe-haven currencies, including the yen, and has posed a resistance to USDJPY. Continued sell-offs in the U.S. bond market have dampened investor appetite for riskier assets and triggered a plunge in equities. This was seen as the only factor that drew new sell orders to higher levels and caused USD/JPY to fall nearly 50 points in trading in the second half of the day. At present, in terms of operation, the euro/dollar main contract 6EH2 is recommended to be long on the dip, and the lower support is temporarily 1.12870; the main contract for the pound/dollar 6BH2 is recommended to be long on the dip, and the lower support is temporarily 1.3500; the yen is recommended to be short at the high, and the upper pressure is temporarily 0.0086570, and the break stop loss leaves. Today's focus is on: the UK's three-month ILO unemployment rate, December's unemployment rate; the Eurozone's January ZEW Economic Sentiment Index; Germany's January ZEW Economic Sentiment Index; the Bank of Japan's interest rate decision and outlook report; Bank of Japan Governor Kuroda Toshihiko's monetary policy press conference; OPEC's monthly crude oil market report.

This article originated from the international derivatives think tank