Forex
USD/JPY, EUR/USD, Gold at Pivotal Technical Junctures
The USD/JPY pair remains under upward pressure as the Bank of Japan maintains its ultra-loose monetary policy, while the Federal Reserve signals a slower pace of rate cuts. The pair is trading near the 151.00 level, with immediate resistance at 151.80 and a break above that could open the door to 153.00.
The euro faces headwinds from a more dovish European Central Bank compared to the Fed, causing EUR/USD to hover around 1.0800. The pair's immediate resistance is at 1.0850, while support lies at 1.0750.
Gold prices are holding above the $2,150 support level, with a bullish bias as geopolitical tensions and central bank buying underpin demand. A breakout could lead to a retest of the all-time high near $2,200.