USD/JPY drops back to fresh session lows as Gold advances further

Ahead of the US economic data shortly this afternoon (12.30pm GMT) the USD/JPY has dropped back further and just now hit a session low at 144.20. The move lower in the dollar there has helped the price of Gold to extend even further and a short while ago it lifted above $2,685 for the first time ever. Incidentally that move has also delivered a fresh record for Gold priced in Sterling, above £2000 per ounce and for the first time ever too. The further drop in the USD/JPY has also helped the Pound and the dollar to creep a little higher against the dollar, as early US participants return to their desks. The USD/JPY is just now trading at 144.22