The JPY continues to hover near its highest values and its implication on the Japanese economy continues to spark concerns. While various government officials speak about possible intervention this has hardly scared away investors who seemingly continue to pile in. The AUD remains locked in a tight range and the outcome of the Australian election is still up in the air. The current results show a deadlock and these results have left many AUD investors at a standstill. Gold broke free of consolidation on Tuesday and climbed. The precious metal needs to be watched carefully in these nervous markets.
Written by bforex.com
