The yen bears seized center stage during trading last week following speculations that the BoJ may implement negative rates on loans in a bid to boost borrowing. While the idea of being paid to borrow sounds pleasant, this signals desperation and the potential of the central bank running out of ammunition. The sterling surged after a fall in the Brexit campaign encouraged bullish investors to attack prices. WTI Oil still remains bearish and Gold is currently under pressure below $1240.
-The EURUSD is trading around critical levels and 1.1250 is key. -The USDJPY remains bearish and a breakdown below 111.00 could open a path towards 109.0. -Gold is under pressure but a breakout above $1240 could open a path towards $1250. -WTI still remains bearish with $40 looking like a possibility.
The yen bears seized center stage during trading last week following speculations that the BoJ may implement negative rates on loans in a bid to boost borrowing. While the idea of being paid to borrow sounds pleasant, this signals desperation and the potential of the central bank running out of ammunition. The sterling surged after a fall in the Brexit campaign encouraged bullish investors to attack prices. WTI Oil still remains bearish and Gold is currently under pressure below $1240.
-The EURUSD is trading around critical levels and 1.1250 is key.
-The USDJPY remains bearish and a breakdown below 111.00 could open a path towards 109.0.
-Gold is under pressure but a breakout above $1240 could open a path towards $1250.
-WTI still remains bearish with $40 looking like a possibility.
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