This article examines the near-term technical outlook for gold and USD/JPY, analyzing recent price action dynamics and market sentiment to gain insight into the next big directional move.
Similarities from the last time Japanese Authorities intervened in the FX market have appeared after a massive USD/JPY reversal. Risk sentiment continues to favour AUD and high importance US data returns
US-focused week ahead with the FOMC meeting, major tech stock earnings and NFP stealing the limelight, but other standouts include US PMI data as well as EU inflation and German GDP data
G7 currencies have been afforded a moment to recover from recent losses against the dollar but high impact US data could put an end to that. FX intervention watch continues as USD/JPY trades above the 155.00 ‘line in the sand