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Editors’ Picks
USD/JPY consolidates around src56.50 area; bullish bias remains
USD/JPY holds steady around the mid-src56.00s at the start of a new week and for now, seems to have stalled a modest pullback from the src58.00 neighborhood, or over a five-month top touched on Friday. Doubts over when the BoJ could hike rates again and a positive risk tone undermine the safe-haven JPY.
USD/JPY News
Gold price bulls seem non-committed around $2,620 amid mixed cues
Gold price struggles to capitalize on last week’s goodish bounce from a one-month low and oscillates in a range during the Asian session on Monday. Geopolitical risks and trade war fears support the safe-haven XAU/USD. Meanwhile, the Fed’s hawkish shift acts as a tailwind for the elevated US bond yields and a bullish USD, capping the non-yielding yellow metal.
Gold News
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