The JPY continued to move in a consolidated fashion against the USD. Asian bourses did gain for the most part as equities followed their global counterparts. Gold did push upwards yesterday as the USD lost ground to the EUR and finished the day above 1212.00 USD per ounce. Traders remain in control of the broad market place, thus risk appetite has brought about divergent outcomes in a variety of market barometers. The JPY does remain on the stronger side of its range versus the USD and traders may be tempted to see if the Japanese currency will move towards the weaker realms of it short term value.
Written by bforex.com
