The Japanese yen has reversed directions on Friday and has edged lower. In the European session, USD/JPY is trading at 154.73, up 0.28% on the day. Tokyo core CPI rises 2.5% Japan’s Tokyo’s core inflation rate accelerated to 2.5% y/y in January, up from 2.4% in December and in line with market expectations. This marked […]
Gold remains below 50-day SMA MACD and RSI mirror the market’s waning momentum Gold prices have been developing with weak momentum over the past few sessions, hovering beneath the 50-day simple moving average (SMA) and the 2,605 support level. The pair remains well above the medium-term ascending trend line, but the technical oscillators are mirroring […]
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