2025 Market Outlook: Key January Events to Watch 
FxWirePro: NZD/USD downside pressure builds, key support level in focus 
FxWirePro- Major Pair levels and bias summary 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
AUD/JPY chart - Trading View
AUD/JPY was trading largely unchanged at 69.35 at around 09:42 GMT. The pair has bounced off session lows at 69.03, holds support at 55-EMA.
Momentum studies are bullish, however, 'Doji' on the daily candle suggest selling pressure at highs.
Analysis of GMMA indicator shows major trend is neutral, while minor trend is bullish.
Breakout above daily cloud and 55-EMA reinforces upside bias. The pair is on track to test 61.8% Fib at 70.17.
Australia inflation data (due Wednesday at 01:00 GMT) will be in focus for further impetus.
Price continues to remain at the mercy of risk trends, turnaround in the risk sentiment can support further gains.
Break above 61.8% Fib eyes 110-EMA (70.57). On the flipside, failure to hold above 55-EMA negates any bullish bias.
Support levels - 68.90 (55-EMA), 68.10 (21-EMA), 67.82 (20-DMA)
Resistance levels - 70.17 (61.8% Fib), 70.36 (21W EMA), 70.57 (110-EMA)
