NY Fed reverse repo usage climbs to $2,059.662B w/ 98 counterparties vs. prior session's $2,032.457B. Compares to Friday, Dec 30 record/year-end high of $2,553.716B (prior record high was $2,425.910B on Friday, September 30.
NY Federal Reserve/MNI
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White House Press Secretary Karine Jean-Pierre is shortly due to deliver a press conference from the White House.
A strong rally in EURJPY has resulted in a retracement of the recent Jan 11 -13 bear leg, however largely faded ahead of the close. The cross has traded above the 20-day EMA and attention turns to the 50-day EMA, at 142.04. A clear break of this average is required to strengthen a bullish condition and this would highlight a potential reversal. Clearance of resistance at 142.86, the Jan 11 high, would also represent a positive development. The key support and bear trigger is 137.39, Jan 3 low.
Former President Donald Trump has regained ground in the 2024 presidential race, in the eyes of bookmakers.
Figure 1: 2024 Presidential Election Winner (Smarkets)