The JPY remains a critical lynchpin and signpost that not all is wine and roses in the broad markets. Investors continue to keep the JPY in the stronger reaches of its range against the USD in what appears to be a move generated by risk adverse trading. Gold finds itself around 1192.00 USD an ounce and it has been solidly range bound for a couple of weeks. The Japanese currency is an important barometer of overall sentiment and it continues to show that caution remains palpable.
Written by bforex.com
