The price of gold is showing signs of improvement for the second day in a row, bouncing back from its recent low of around 1,915 points on Wednesday. During the early European session, XAU/USD remains in demand and is currently trading at approximately 1,925-1,926 levels. This represents a gain of over 0.30% for the day.
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Bank of Japan Governor Ueda says his focus is on a 'quiet exit' reducing monetary easing
The Bank of Japan has entered a phase of reducing monetary easing. In an interview with The Yomiuri Shimbun, BOJ Gov. Kazuo Ueda described the monetary policy modification decided in July as “a mechanism to change the balance between the effects and side effects” of monetary easing measures. The focus will now be on “a quiet exit,” which the BOJ is seeking to avoid significant impact on the market.
USD/JPY is a big figure lower than late Friday in very, very early Asia .... circa 146.90 in SUPER THIN liquidity trade
The Bank of Japan has entered a phase of reducing monetary easing. In an interview with The Yomiuri Shimbun, BOJ Gov. Kazuo Ueda described the monetary policy modification decided in July as “a mechanism to change the balance between the effects and side effects” of monetary easing measures. The focus will now be on “a quiet exit,” which the BOJ is seeking to avoid significant impact on the market.
USD/JPY is a big figure lower than late Friday in very, very early Asia .... circa 146.90 in SUPER THIN liquidity trade
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