<p>Headlines:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/10-year-jgb-yields-fall-back-after-first-run-up-against-050-20221222/“>10-year JGB yields fall back after first run up against 0.50%</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/how-significant-was-the-impact-of-the-boj-surprise-this-week-20221222/“>How significant was the impact of the BOJ surprise this week?</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/ecbs-de-guindos-50-bps-rate-hikes-may-be-the-new-standard-20221222/“>ECB’s de Guindos: 50 bps rate hikes may be the new standard</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/uk-q3-final-gdp-03-vs-02-qq-prelim-20221222/“>UK Q3 final GDP -0.3% vs -0.2% q/q prelim</a></li></ul><p>Markets:</p><ul><li>AUD leads, CAD lags on the day</li><li>European equities little changed; S&P 500 futures down 0.1%</li><li>US 10-year yields down 2.3 bps to 3.641%</li><li>Gold flat at $1,814.63</li><li>WTI crude up 1.8% to $79.68</li><li>Bitcoin up 0.2% to $16,829</li></ul><p style=““ class=“text-align-justify“>Markets are slowly winding down to the holiday period, with meaningful headlines few and far between. Bonds moved higher on the day, owing to a drop in 10-year JGB yields after having run up against the 0.50% mark set out by the BOJ yesterday.</p><p style=““ class=“text-align-justify“>Equities are looking more tepid now after a decent start, with US futures nudging a touch lower while European indices have also pared early gains to keep more flattish at the moment.</p><p style=““ class=“text-align-justify“>In the FX space, the dollar is just a smidge lower with losses more evident against the yen and aussie. USD/JPY is seen trading 0.3% lower to 132.10 as the plunge from Tuesday begins to consolidate. Meanwhile, AUD/USD is up 0.4%. to 0.6735 as the pair keeps a bounce off its 100-day moving average from around 0.6658 earlier in the week.</p><p style=““ class=“text-align-justify“>EUR/USD is up 0.2% to 1.0625 as buyers look to build on a shallow upside break while other major currencies are mostly little changed against the dollar.</p>
This article was written by Justin Low at www.forexlive.com.