The Santa Claus rally continues. The US stock indices hit new all-time highs. After that, an upward trend was formed in the Asian market. Market participants continue to speculate on news about upcoming settlement of the trade conflict between the US and China. Beijing and Washington have agreed to complete the phase one deal. The signing ceremony is scheduled to take place at the beginning of January. Thus, the Chinese yuan jumped to a 5-month high amid the news. The US dollar index fell on the background of traders’ appetite for risks. While we were preparing this video review, the index was trading near 97.30. At the same time, the dollar/ yen pair is still stuck in the range between 109.30 and 109.60. This meets our previous forecasts. It is notable that the pair can break the range as early as next year. The Japanese retail sales data turned out to be slightly below the forecast. Nevertheless, traders consider buying the Japanese yen. On a yearly basis, retail sales sank 2.1% while economists had expected a drop by 1.7%. At the same time, inflation data from Tokyo is rather positive. It signals that the Bank of Japan will not change its monetary policy in the near future. The Australian dollar was boosted by traders’ optimism more than other currencies. It advanced to 0.6960 amid trade optimism and higher commodity prices. The pair’s movement contradicts the forecast that suggests its depreciation. There is only one recommendation for traders. They should wait for a reverse signal and then open sell positions. The reverse point can be located on the 0.6870 level. We continue monitoring the currency market events. Subscribe to our channel and be abreast of the latest news. See you soon!