Here is what you need to know on Monday, April 29: The Japanese Yen (JPY) registered impressive gains against its major rivals to start the week on a suspected intervention.
Here is what you need to know on Monday, April 29: The Japanese Yen registered impressive gains against its major rivals to start the week on a suspected intervention. The US economic docket will not offer any high-tier data releases on Monday. Germany's Destatis will release the preliminary Consumer Price Index data for February. USD/JPY climbed to a multi-decade high above 160.00 in the early trading hours of the Asian session on Monday. After retreating toward 159.
EUR/USD closed the previous week in positive territory and continued to edge higher early Monday. At the time of press, the pair was up 0.3% on the day at 1.0722. GBP/USD registered marginal losses on Friday but regained its traction to start the week. The pair was last seen trading at its highest level in over two weeks at 1.2535. Gold fell over 2% and snapped a five-week winning streak last week. XAU/USD holds steady early Monday and fluctuates in a tight channel above $2,330.
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