Yen Surges Post-BoJ, Precious Metals Mixed
From monetamarkets.com
Global markets opened Friday with a sharp focus on the Japanese Yen, which surged across major pairs following the Bank of Japan’s latest policy decision. GBP/JPY, EUR/JPY, and AUD/JPY all retreated from recent highs as traders digested the BoJ’s stance, reinforcing the Yen’s safe-haven appeal. Meanwhile, precious metals saw mixed momentum, with gold easing under pressure from a stronger US Dollar, while silver found support after the Fed’s latest rate cut. XAU/USD has edged lower, slipping from just under $3,650 as the U.S. Dollar recovers and traders take profits following gold’s recent rally. Earlier strength ...
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