3 Assets to Watch: Jan 19-23, 2026
Every weekend in 2026 so far has each served up a major geopolitical surprise:
Jan 3-4: US forces captured former Venezuela President Nicolas Maduro
Jan 10-11: US Justice Department serves grand jury subpoenas to the Federal Reserve; violent protests rock Iran
Jan 17-18: President Trump announced a new 10% tariff, starting Feb 1st, on 8 European countries as POTUS seeks to purchase Greenland.
As a result of President Trump's latest tariff threat, markets are exhibiting a classic risk-off move this Monday, Jan 19th.
NOTE: "Risk off" means traders and investors are selling "riskier" assets, such as stocks and cryptos.
Stock indices worldwide are falling, including benchmarks such as the SP500, UK100, EU50, Nikkei225, HK50, and more.
Bitcoin is down about 3% at the time of writing, with the broader CoinDesk 20 index down some 4.6%.
Perhaps as some solace ...
In recent years, markets have shown a tendency to move past geopolitical/trade shockers relatively swiftly.
Still, with such heightened global uncertainties playing out across global financial markets, here are 3 assets to watch this week:
NOTE: US markets are closed today (Monday, Jan 19).
1) Bitcoin rebounds to $95,000?
The world's largest crypto has dropped back into sub-$95k price levels. Immediate support may arrive at its 21-day simple moving average (SMA), failing which stronger support may arrive at its 50-day SMA / $90,000 psychological level.
Should the 21-day SMA hold, BTC may then rebound and reclaim the $95k handle once more, assuming markets overcome tariff fears and resume risk-taking activities.
2) USDJPY+ to hit new 18-month high?
Last week, the Japanese Yen (JPY) fell to its weakest level against the US dollar since July 2024 (USDJPY hit an 18-month high), before paring some of its losses.
Note that JPY was G10's smallest-gainer against the US dollar in 2025 (a measly 0.3% gain vs USD last year), and has already weakened by a further 0.7% vs. the Dollar so far in 2026.
Look out for Friday's (Jan 23rd) key scheduled events in Japan:
Release of Japan's December National Consumer Price Index a.k.a. Inflation data: economists predict a notable slowdown in Japan's inflation last month
Bank of Japan's rate decision: markets predict no change to the BoJ's rates
Bloomberg's FX model forecasts a 76.8% chance that USDJPY will trade between 155.90 - 159.60 this week.
3) Netflix
The streaming giant is set to unveil its latest quarterly earnings after US markets close on Tuesday, January 20th.
NFLX stock prices are set to move over 7% up/down after its earnings release.
While investors and analysts will be tracking subscriber growth and profitability figures as usual, Netflix's fierce bidding battle with Paramount for Warner Bros will likely add some spice to the earnings announcement.
NOTE: Warner Bros. Discovery shareholders have a deadline on Wednesday, Jan 21st whether to accept the tender offer from Paramount Skydance.
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