Category forex

Yen Gains Constrained By Oil Prices

USD/JPY near 160 resistance due to crude price spikes The Japanese Yen has retraced half of its post-intervention drop, with US-Japan rate spreads already narrowing in favor of the JPY. The BoJ’s policy rate is near the lower end of its neutral range estimate, whil

Gold Surges Above USD 4,400

Gold price rises despite higher oil and rates Gold broke above USD 4,400 per ounce, driven by ETF demand. ETF investors added 14.5 tons over four days, with global Gold ETFs seeing July inflows of 23.5 tons. The price surge is attributed to ETF demand, main