Liquidity continues to fill out and risk appetite has generated a stronger head of steam with the $SPX and Dow gapping to fresh record highs - though the Yen crosses are even more impressive. DailyFX's @JohnKicklighter discusses trade into the second day of 2022! pic.twitter.com/Y1kHn8VRon

— DailyFX (@DailyFX) January 4, 2022