Hello wealthy entrepreneurs. USDJPY today continues to decline as predicted.
The US dollar fell on Tuesday, along with expectations of US interest rates and a decrease in treasury bond yields. On the other hand, the Japanese yen increased slightly due to violence in the Middle East, supporting safe-haven buying.
This week, we will receive important news that will impact EUR/USD, such as the FOMC minutes and US CPI.
For this reason, buyers continue to push prices higher. Specifically, looking at the technical picture on the 1-hour timeframe, maintaining the short-term trend above 1.0530 indicates a retest of the uptrend and creates a support level to further drive up gold prices. The resistance level to closely monitor is at 1.0637.