The JPY continues to pick up steam and gain versus the USD as risk adverse trading being led by investors fleeing Asian bourses builds momentum. Trading is seldom a one way avenue, but the JPY’s strength highlights that nervous sentiment remains in a heightened state. Taking that into context, the results from the Gold market remain very interesting as the precious metal trades around 1191.00 USD this morning. Gold is on the weaker side of its range even though international equities continue to show a lack of support, this underscores that traders are in control of the market and because of that – divergence is evident.
Written by bforex.com
