The JPY gained against the USD as Asian bourses turned negative and investor sentiment moved quickly towards a risk adverse flavor. Gold traded in a rather consolidated manner and remains around 1213.00 USD per ounce. The last two days of trading this week are likely to be dollar centric taking into consideration the data coming from the States and its affect on the equities. Asian shares have proven less that stable recently and caution may continue to lead the way.
Written by bforex.com
