Lots of irons in the fire, from JPY surge to silver chop and Nasdaq 100 technicals
Saxo Market Call

Lots of irons in the fire, from JPY surge to silver chop and Nasdaq 100 technicals

2026-01-27
Today, we note the flip in US equity market internals while noting what might be driving it ahead of critical Mag7 earnings and as the Nasdaq 100 once again has rallied to a massive resistance area. As well, Japanese yen volatility is only one focus in currencies as the US dollar is heavily on tilt here, while two-way silver volatility has reached almost absurd levels - is that compressing the timeline to at least a temporary top? This and more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links...
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