British Pound weakens against Japanese Yen amid hawkish BoJ prospects

The British Pound (GBP) is under pressure against the Japanese Yen (JPY) on Wednesday, trading 0.22% lower at around 216.85 during the European trading session. The cross weakens as the Japanese currency strengthens, with financial markets pricing in an interest rate hike by the Bank of Japan (BoJ) in its policy meeting next month. Japanese […]

Gold holds steady near $4,650 as PCE data eyed for Fed rate path

Gold (XAU/USD) extends its two-way price moves for the second straight day and trades above $4,650 during the Asian session on Wednesday. The commodity remains within striking distance of its highest level since May 14 as traders keenly await the release of the US Personal Consumption Expenditures (PCE) Price Index for some meaningful impetus. Investors […]