JPY & AUD – Gold Helps Keeps The AUD Moving

The JPY crawled to some slight loses against the USD on Friday, but it remains solidly within a sphere that it has fashioned for a long duration now – taking into the account the brief intervention attempt by the Bank of Japan before. The strong JPY remains a thorn in the side of Japanese export companies, but what can be done to change the value of the currency remains a tricky subject. The AUD is trading at highs and it is largely doing this under the auspices of a strong Australian economy and the record prices in Gold. The AUD continues to show no let up and it is likely to find plenty of attention this week with so many forces swirling around it.

Written by