Gold trade
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In Monday’s trading so far, risk sentiment remains tepid following the surprisingly hawkish remarks from the Bank of Japan (BoJ) Governor Kazuo Ueda delivered over the weekend. However, the safe-haven US Dollar fails to cheer a cautious market mood, as it bears the brunt of a big figure sell-off in the USD/JPY pair. Ueda said over the weekend that the central bank’s focus will now be on “a quiet exit” from the ultra-loose monetary policy, which triggered a massive surge in the Japanese Yen.
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TARGET 1950
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