Weekly forex futures positioning data from the CFTC for the week ending Tuesday:
There hasn’t been much going on with this report for months but euro longs are starting to tick higher.

The US just crossed 400,000
Biden is speaking from the White House about the pandemic and said there is little that can be done to change the trajectory of the pandemic.

Hitting back against early election reports

Via Reuters
Japan health ministry reports that girl in Tokyo under 10 years old is found to have London COVID-19 variant. Thought to be as a result of community infection as the girl has not travelled to the UK.

EU countries see lower deliveries
Markets want to see a fast vaccination program. Slow downs like these will be overlooked as long as supply does not grind to a halt. 

Better prospects for RBNZ. 
Last night’s CPI data for : 
New Zealand confirms a brightening picture for NZD
Bond yield spread between the 10y’s is falling (favouring AUDNZD selling- orange line on chart)

10 year yields higher 
Although the NZD is pressured today on the risk off tones. The NZ 10 year bond yields spiked higher on the .  
better than expected CPI data out last night

Comments by UK prime minister, Boris Johnson

Latest data released by CBI – 21 January 2021
The drop in the headline reading suggests that UK manufacturers are expecting a sharp fall in output amid concerns on the virus situation as well as Brexit-related issues that may negatively impact supply of components and materials moving forward.

It is going to be more about staying on the sidelines for Lagarde & co.
After the , the ECB is going to adopt a more ‚wait and see‘ approach in the coming months as they await more key developments to play out before signaling any interest to change their policy stance later in the year.