JPY & AUD – Bank Of Japan Looming

The JPY continued to find itself moving towards the strongest realms of its value against the USD on Monday. Trading has been fairly consolidated within the Japanese currency and many investors are keeping their collective eyes on the upcoming Bank of Japan meeting that is scheduled early Thursday with its monetary policy statement. Last month produced a warning regarding the JPY’s strength and an intervention. Traders should keep their eyes on the JPY. The AUD also continues to find itself at the highest points of its value against the USD. The price of Gold has come off of its highs the past few trading sessions and its results are being watched by all. The AUD and Gold both find themselves as a testing ground.

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