The JPY has languished within a rather consolidated range the past week and this has come about as Asian bourses have produced rather bumpy results. The Japanese and the Chinese stock markets continue to display a tangible amount of nervousness and this has caused risk appetite in the region to be fragile, much like their global counterparts. Gold is trading slightly below 1200.00 USD and appears to be waiting for its next ‘big’ push. Caution is producing tight range trading in the JPY and Gold for the time being.
Written by bforex.com
