Market Strategy This Week - January 6, 2025 (Tue)

Happy New Year. I have a feeling that 2026 will be a more turbulent year than last year.

Early in the new year, President Trump attacked Venezuela.

And there are reports that he is now attempting to acquire Greenland, which is Danish territory, raising tensions.

Geopolitical risks have potential flashpoints in various places, so we need to pay attention.

However, we are no longer seeing the pattern where the yen is bought as a safe-haven asset as in the past.

Currently in such situations, the dollar and Swiss franc are being bought, so USD/JPY may actually rise instead, which is something we need to monitor carefully.

This week, the US employment report is on Friday. It will be the first normal first-Friday operation in a long time.

However, due to the government shutdown that lasted about a month and a half, we need to be cautious about numbers being revised going forward.

Technically, will USD/JPY be sold again in the 156.7-157.0 zone?

I will continue to pay close attention to this.