JXY seasonality

Jan 22

In the realm of market trends and seasonality, January in the JXY index has historically exhibited a remarkable 70% bullish bias. However, the current scenario defies this pattern, with the JXY index experiencing a decline exceeding 3% until January 22, 2024. The peculiar nature of January's bullish inclination in recent years can be attributed to the pivotal TOKYO CPI (Consumer Price Index) year-on-year data release during this month. Last year, the JXY index initially faced a downward trajectory in January, only to rebound following the release of the TOKYO CPI. This led to a positive shift, ultimately yielding an approximate 1% return. As the market eagerly anticipates the unfolding events, the upcoming TOKYO CPI data release on January 23, 2024, holds the potential to significantly influence the JXY index and shape the trajectory of its performance in the immediate future.