MHMarkets：The interest rate resolution announced by the Bank of Japan has decided to continue its ultra loose monetary policy.

On Tuesday (January 23), the monthly rate of the US December CB Leading Index, released yesterday, fell 0.1%, compared to the expected decrease of 0.30%, previous value decreased by 0.50%. After the US dollar index received support at the bottom yesterday, market price rose, but there was no breakthrough. At the opening of the Asian market today, the US dollar index continued to decline and broke through the support level formed in the past, with the current price around 103.16. After being suppressed by resistance above yesterday, the market price of gold accelerated its decline and closed near the intraday low. At the opening of the Asian market today, the price of gold accelerated and broke through the resistance level formed yesterday, with the  current price around 2030.86. Yesterday, US crude oil was affected by tight supply from Russia and the US, and rose sharply during the day, breaking through multiple resistance levels, ultimately closing near the intraday high. At the opening of the Asian market today, US crude oil slightly adjusted, with the current price around 74.81. After breaking the previous high yesterday, the market price of EURUSD fell and closed near the intraday low. At the opening of the Asian market today, EURUSD continued to rise, with the current price around 1.0905. According to the interest rate resolution released by the Bank of Japan, the benchmark interest rate was maintained at a historical low of -0.1%, and the yield target of 10-year treasury bond bonds was maintained at around 0%, both in line with market expectations. In addition, the Bank of Japan has maintained the expected increase in core CPI for the 2023 fiscal year at 2.8%, lowered the expected increase in core CPI for the 2024 fiscal year from 2.8% to 2.4%, and raised the expected increase in core CPI for the 2025 fiscal year from 1.7% to 1.8%. It is worth noting that the Bank of Japan has not explicitly hinted at when negative interest rates may end. After the Bank of Japan announced its interest rate decision today, USDJPY saw increased market volatility and a trend of first rising and then falling, with the current price around 148.05.

MHMarkets strategy is only for reference and not for investment advice. Please carefully read the statement at the end of the text. The following strategy will be updated at 15:00 on January 23, Beijing time.