Author: finadmin

Japanese Yen weakens as stronger US Dollar and elevated energy prices weigh on sentiment

Japanese Yen weakens as stronger US Dollar and elevated energy prices weigh on sentiment

USD/JPY holds firm on Friday, remaining confined within this week’s trading range as traders refrain from placing aggressive bullish bets near the 160.00 handle following suspected intervention by Japanese authorities in late April. At the time of writing, the pair is trading around 159.20 and remains on track for a second consecutive weekly gain. Meanwhile, […]

Rate repricing weighs against Japanese Yen – Rabobank

Rate repricing weighs against Japanese Yen – Rabobank

Rabobank’s Senior FX Strategist Jane Foley notes that the Australian Dollar (AUD) has shifted from a top G10 performer to one of the weakest on a 5‑day view as markets reassess Reserve Bank of Australia (RBA) tightening prospects after softer labour data. With the Bank of Japan (BoJ) expected to hike and AUD/JPY losing momentum, […]

Gold holds within weekly range as US-Iran talks remain in focus

Gold holds within weekly range as US-Iran talks remain in focus

Gold (XAU/USD) consolidates on Friday, remaining confined within this week’s trading range as investors cautiously monitor ongoing diplomatic efforts between the United States and Iran to reach a deal to end the war in the Middle East. At the time of writing, XAU/USD is trading around $4,520, staying on course for a second consecutive weekly […]