Japan Trade Balance - BOP Basis: ¥3137.8B (November) vs ¥2476.4B

Japan Bank Lending (YoY) registered at 4.4% above expectations (4.1%) in December

Japan Current Account n.s.a. below expectations (¥3594B) in November: Actual (¥3.674B)

Japan’s Finance Minister Satsuki Katayama said on Tuesday that she had held a bilateral discussion with US Treasury Secretary Scott Bessent and confirmed she had raised the issue directly with US officials in Washington.

US President Donald Trump said that any country that does business with Iran will face a tariff rate of 25% on any business conducted with the United States, effective immediately, Reuters reported on Monday.

Australia Westpac Consumer Confidence increased to -1.7% in January from previous -9%

Federal Reserve Bank of New York President John Williams said late Monday that US monetary policy is now “well positioned” to  guide inflation back to target without harming jobs. Williams signaled no urgency to resume interest-rate cuts as the central bank moves closer to a neutral policy stance.

New Zealand NZIER Business Confidence (QoQ) up to 48% in 4Q from previous 18%

The US Dollar (USD) lost some of its shine on Monday, weighed down by renewed concerns over the Fed’s independence as investors seem to have started to pencil in a (more?) dovish Fed in the upcoming months.

United States 10-Year Note Auction dipped from previous 4.175% to 4.173%

United States 3-Year Note Auction fell from previous 3.614% to 3.609%

Outlook for USD is neutral now; it is likely to trade between 6.9660 and 7.0160, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Despite limited euro-zone data and muted European Central Bank (ECB) messaging, EUR/USD could move toward 1.16 and potentially 1.17–1.1750 if concerns over Fed political risk ease, though geopolitical tensions around Greenland continue to cloud the outlook, ING's FX analyst Francesco Pesole notes.

The latest US Employment Situation report by the Bureau of Labor Statistics (BLS) last Fri (9 Jan) presented two main downside surprises as jobs growth in December missed expectations even though the bar was set low while unemployment rate also dipped below expectations.

EUR/CAD extends its gains for the second successive session, trading around 1.6210 during the European hours on Monday. The currency cross advances as the Euro (EUR) gains support from signs that the European Central Bank (ECB) is nearing the end of its rate-cutting cycle.

Federal Reserve (Fed) Chair Jerome Powell said in a statement that  the US Justice Department has threatened criminal charges against him in connection with his Senate testimony last June, during which he discussed the estimated $2.5 billion renovation.

Federal prosecutors have opened a criminal investigation into Federal Reserve (Fed) Chair Jerome Powell regarding the central bank's renovation of its Washington headquarters and whether Powell lied to Congress about the project's scope, the New York Times reported on Sunday. 

Australia ANZ Job Advertisements increased to -0.5% in December from previous -0.8%

A group of European nations, headed by the United Kingdom (UK) and Germany, is discussing plans to increase its military presence in Greenland to show US President Donald Trump that the continent is serious about Arctic security, Bloomberg reported on Sunday.

Japan’s Prime Minister Sanae Takaichi may call an early general election, the head of her party's coalition partner said on Sunday, after Reuters reported that snap election could be held as early as February.

United States CFTC Gold NC Net Positions declined to $227.6K from previous $2312K

Australia CFTC AUD NC Net Positions climbed from previous $-212K to $-19K

United Kingdom CFTC GBP NC Net Positions: £-30.5K vs £-332K

United States CFTC Oil NC Net Positions: 57.4K vs previous 646K

United States CFTC S&P 500 NC Net Positions rose from previous $-944K to $-106.1K

Eurozone CFTC EUR NC Net Positions down to €162.8K from previous €1575K

Japan CFTC JPY NC Net Positions: ¥8.8K vs previous ¥141K

Japan CFTC JPY NC Net Positions down to ¥88K from previous ¥141K

Richmond Fed President Tom Barkin said the decline in the unemployment rate was welcome and described job growth as modest but stable.

Rather than signaling a setback, December's modest employment gain and rising unemployment rate reinforce our view that Canada's labor market recovery is underway but will likely prove choppy, with slack absorbed only gradually over time, Royal Bank of Canada Senior Economist Claire Fan reports.