Like a well practiced song the JPY finds itself back in the stronger depths of its water versus the USD as Asian traders have once again shown a well trained ability to seek risk adverse positions when so many questions hover in the air. Asian bourses reflected the fact that investors are a nervous bunch and struggled to find positive movement. The AUD did gain slightly on Monday reflecting the sluggish trading in the USD and the momentum that Gold has sustained. The AUD is near the high end of its value, but it proved last month that it has the capability to surge if Gold continues to find quick friends.
Written by bforex.com
