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Gold falls below $2,015 as USD/JPY lifts back above 149.25

Earlier this morning the USD/JPY dropped below the 149 handle, but that move did not see gold rise at all. So, now that the USD/JPY has rebounded from an earlier session low at 148.93, to back above 149.25, Gold has fallen back. The metal is now falling below $2,015 and it seems to be at risk of something a little more extended on the downside, if the USD/JPY rebound continues. Also to note here; US yields are not actually higher on this occasion, which might once more unnerve gold traders. I said here earlier today; that they were talking it cautiously ahead of the CPI data tomorrow and it looks like some might be exiting longs a bit more just now. Gold is currently trading at $2014.45

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