USD/JPY takes offers near 113.85 during the three-day downtrend. BOJ Minutes cites inflation fears, one member suggested Fed rate hike could cause yen rise. Market sentiment sours amid pre-Fed cautious after Yellen’s comments, Japan inflation came in mixed for December. Yields, equities remain pressured amid a light calendar day. USD/JPY remains on the back foot
“Several members said there is upward pressure seen in consumer inflation, which is already positive when stripping away impact of cellphone fee cuts,” as per the latest Monetary Policy Meeting Minutes from the Bank of Japan (BOJ). Key statements from the Minutes One member said must be vigilant to risk Fed’s tapering, expected rate hike
Gold prices consolidate recent gains at two-month high. Yields, stock futures drop as pre-Fed caution grows after Yellen’s comments. US-China news, mixed data fails to underpin buying momentum around yearly resistance line. Gold Price Forecast: Bulls looking for a re-test of November high at 1,877.15 Gold (XAU/USD) extends late Thursday’s pullback from a two-month high,
NZD/USD refreshes weekly bottom as sellers poke five-week-old support line. Downtick in US stock futures triggers latest weakness amid chatters over Fed action. Positives concerning the US-China talks, NZ data fails to impress buyers. Light calendar keeps sellers hopeful ahead of next week’s FOMC. NZD/USD remains on the back foot around the monthly support line,
EUR/USD remains pressured after breaking 200-SMA for the first time in two weeks. Bearish MACD signals, weekly descending trend line also keep sellers hopeful. Two-month-old support line challenges sellers, 61.8% Fibonacci retracement offers immediate support. EUR/USD fails to cheer greenback weakness, stays depressed around 1.1310 during the initial Asian session on Friday. While portraying the
AUD/USD pauses the latest pullback from 100-DMA, weekly top. US-China top diplomats brace for the first meeting of 2022, US Treasury Secretary Yellen expects inflation to ease soon. US data weighed on yields, USD contrast to Aussie jobs report, inflation figures that favored AUD. Cautious mood to restrict pair’s performance amid light calendar ahead of
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