Global FX: Bearish USD vs. EM FX risk appetite index, G10...

What this episode covers

Macro signals are highly procyclical but technical signals turn cautious – we debate what matters more. Plus USD/CNY breaks 7.0, Scandis break higher, spotlight on the Fed. Speakers Meera Chandan Global FX Strategy, Arindam Sandilya Global FX Strategy, Anezka Christovova Head of EMEA EM Local Markets Strategy, James Nelligan Global FX Strategy, Patrick Locke Global FX Strategy This podcast was recorded on 23 January 2026. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5182236-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

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How long is this episode of At Any Rate?

This episode is 22 minutes long.

When was this At Any Rate episode published?

This episode was published on January 23, 2026.

What is this episode about?

Macro signals are highly procyclical but technical signals turn cautious – we debate what matters more. Plus USD/CNY breaks 7.0, Scandis break higher, spotlight on the Fed. Speakers Meera Chandan Global FX Strategy, Arindam Sandilya Global FX...

Can I download this At Any Rate episode?

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