JPY & AUD – Gold Being Watched By All

The Bank of Japan made no changes to its monetary policy earlier today and the JPY has stayed well within it strong consolidated range versus the USD. The AUD also had a rather small range on Wednesday and this occurred as Gold once again provided an interesting range and did see some downward pressure. Gold however continues to stay about some key psychological resistance points and with so many concerns about the prospects of long term inflation sneaking into the global picture due to faulty government policies globally, trading in the precious metal remains highly volatile. The AUD may find itself in rather complex mix of sentiment the next two days.

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