Yesterday, after the Christmas break, the market traded flat, USDX continued to fluctuate at the high level, finally closing at 108.09. Treasury yields closed down slightly, with the two-year yield at 4.332% and the 10-year yield at 4.582%. USD/JPY briefly broke 158 yesterday and then moved higher, but we need to note that there is a large USD/JPY option expiration around 158 today and the possibility of increased verbal intervention by Japanese officials. In addition, we will pay attention to whether Treasury yields can stay above 4.5%. If not, the USD/JPY rally above 158 is likely to continue to weaken. EUR/USD: 1st support: 1.0402 1st resistance: 1.0441 2nd Support: 1.0377 2nd resistance: 1.0455 GBP/USD: 1st support: 1.2496 1st resistance: 1.2543 2nd support: 1.2475 2nd resistance: 1.2569