Last night, dollar get underpressure along with another pressure on bond yield. The technical moves as what I share last night.
So, we update the condition.
Dollar and Bond Yield have to retest the resistance before get another pressure. Therefore, Gold will have some correction on short-term. But, the good news is "correction means good momentum" to look...
We look at the USD/JPY and its driver the US Interest rate market. We talk about the key Y130 level that may Upset the Bank of Japan and Ministry of Finance.
Japan is historically one of the biggest FX interverners but the first step is always jawbowning (Official comments of concern about the Yen)
We looking for either that or data/comments from FED members to...