The Japanese yen weakened against the U.S. dollar after the Bank of Japan retained an ultra-dovish stance, with USD/JPY hitting fresh multi-month highs above 141.50.
GBP/USD has put in a strong performance as markets downplay the Fed’s hawkish warnings. In contrast, Sterling is likely to remain supported into the CPI and BoE events
The gold price stared down bearish attempts to push lower but recovered as Treasury yields fell to undermine the US Dollar. The technical setup might provide clues for XAU/USD direction.
JPY fell slightly against USD after BOJ maintained ultra-loose policy settings, especially the closely watched yield curve control (YCC) policy. What’s next for USD/JPY?
The euro strengthened broadly on Thursday following the ECB’s monetary policy announcement, with EUR/USD recapturing an important trendline and EUR/JPY surging to its best levels in 15 years.
The Bank of Japan's monetary policy decision could set the tone for the Japanese yen in the coming days, with a dovish outcome likely reinforcing USD/JPY’s bullish tone.
The S&P 500 continues higher despite the Fed’s inflation warning. Continued bullish momentum ushers in warning signals from the fear and greed index to the RSI