The precious metal has lost around 5% of its value since last Friday as risk assets benefit from the current pause in the Israel-Iran conflict
Massive yen shorts raises the risk of a sharp USD/JPY reversal should authorities intervene in the FX market to strengthen the yen. US PCE a potential catalyst?
Risk sentiment has improved at the start of the week, seeing notable moves across typically risk sensitive assets in a week when US data and tech earnings take center stage
The Bank of Japan’s latest policy decision, US Q1 GDP, and Core PCE data makes this an important week for USD/JPY traders.
The Euro’s sharp slide has relaxed a little but there are still few if any reasons to back the single currency over the greenback