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The USD/JPY has recovered its poise just now. Earlier the dollar fell back to a new session low at 147.16. It has now rebounded back above 147.50 a short while ago and so it is once again testing that US closing level. Right now this price point looks a little sticky for sure and it remains to be seen, if the dollar can really vault this with more traction as the morning session further unfolds. The rebound in the USD/JPY has so far not dented gold too much after it did earlier push briefly above $2,040. The USD/JPY is currently trading at 147.54
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
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