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USD/JPY toying with 160.00 again but the BOJ is watching on
As expected, the EUR/USD has fallen further and so has Gold. We warned you that it was probably not finished with the downside and another attack on the October 30 low, at $3,870.26 seemed likely, as was a downside extension if that level cracked, which it did and since then gold has come close to the 3,850 marker.
The EUR/USD just now set a fresh 2026 low too, at 1.1054 and that allowed the USD/JPY to step very close to the 160.00 handle once more. However, as we reported earlier today, it seems that there are still sellers around that level and it has just not stalled at 159.98. The driver for all this? Yes, you got it; US yields. The 10 year noted has now risen to 5.07%.
Notwithstanding that, it is clear the 160 handle is going to be a tough level to breach and one we know the BOJ is especially sensitive to. The USD/JPY is right now at 159.92
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USD/JPY toying with 160.00 again but the BOJ is watching on (corrected)
As expected, the EUR/USD has fallen further and so has Gold. We warned you that it was probably not finished with the downside and another attack on...
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USD/JPY toying with 160.00 again but the BOJ is watching on
As expected, the EUR/USD has fallen further and so has Gold. We warned you that it was probably not finished with the downside and another attack on...
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US yields push higher- EUR/USD falls back again
In the penultimate update on Gold we mentioned the pre-opening slide in NVDA as a driver for losses in the metal, but what we did not mentioned (and...