{"id":695606,"date":"2024-03-28T09:52:22","date_gmt":"2024-03-27T22:52:22","guid":{"rendered":"https:\/\/www.gomarkets.com\/?p=695606"},"modified":"2024-08-26T15:05:30","modified_gmt":"2024-08-26T05:05:30","slug":"fx-analysis-usdjpy-hits-34-year-highs-gold-surges","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/fx-analysis-usdjpy-hits-34-year-highs-gold-surges\/","title":{"rendered":"FX analysis \u2013 USDJPY hits 34 year highs, Gold surges"},"content":{"rendered":"<p>Thin trading in FX markets continued in a holiday shortened week with G10 FX mostly flat against the USD in Wednesday\u2019s session also looking like traders are waiting for Fridays key US PCE inflation reading. The highlights were:<\/p>\n<p>USDJPY pushed past its November 2023 high hitting 151.97 which is the highest level this pair has reached since 1990 and bringing intervention speculation to the fore once more, with some trading desks flagging the possibility of intervention during thin Easter markets. Comments from Finance Minister Suzuki who said he was closely watching FX moves and won&#8217;t rule out any steps including decisive steps to respond to disorderly FX moves also stoking the intervention fire.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-405279\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2024\/03\/usdjpy-8.png\" alt=\"\" width=\"1835\" height=\"857\" \/><\/p>\n<p>Gold surged higher with XAUUSD testing the previous all-time high and resistance level at 2195 USD an ounce after an earlier sell-off on a Reuters report that India is to drastically cut its gold imports in March. While the USD was flat, treasury yields did have a decent drop which supported the gold price.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-405278\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2024\/03\/xauusd-4.png\" alt=\"\" width=\"1835\" height=\"857\" \/><\/p>\n<p>Today ahead in economic news, the highlights are US jobs and GDP data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thin trading in FX markets continued in a holiday shortened week with G10 FX mostly flat against the USD in Wednesday\u2019s session also looking like traders are waiting for Fridays key US PCE inflation reading. The highlights were: USDJPY pushed past its November 2023 high hitting 151.97 which is the highest level this pair has [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":694259,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,2871],"tags":[],"class_list":["post-695606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-forex-trading"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FX analysis \u2013 USDJPY hits 34 year highs, Gold surges - Wixad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/fx-analysis-usdjpy-hits-34-year-highs-gold-surges\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FX analysis \u2013 USDJPY hits 34 year highs, Gold surges - Wixad\" \/>\n<meta property=\"og:description\" content=\"Thin trading in FX markets continued in a holiday shortened week with G10 FX mostly flat against the USD in Wednesday\u2019s session also looking like traders are waiting for Fridays key US PCE inflation reading. The highlights were: USDJPY pushed past its November 2023 high hitting 151.97 which is the highest level this pair has [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gomarkets.com\/en\/articles\/fx-analysis-usdjpy-hits-34-year-highs-gold-surges\/\" \/>\n<meta property=\"og:site_name\" content=\"Wixad\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-27T22:52:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-26T05:05:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_64352337.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"475\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lachlan Meakin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lachlan Meakin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/fx-analysis-usdjpy-hits-34-year-highs-gold-surges\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/fx-analysis-usdjpy-hits-34-year-highs-gold-surges\/\"},\"author\":{\"name\":\"Lachlan Meakin\",\"@id\":\"https:\/\/www.gomarkets.com\/es\/#\/schema\/person\/3be9f4cfdfb1cf0fc5ca416d0ad05509\"},\"headline\":\"FX analysis \u2013 USDJPY hits 34 year highs, Gold surges\",\"datePublished\":\"2024-03-27T22:52:22+00:00\",\"dateModified\":\"2024-08-26T05:05:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/fx-analysis-usdjpy-hits-34-year-highs-gold-surges\/\"},\"wordCount\":186,\"publisher\":{\"@id\":\"https:\/\/www.gomarkets.com\/es\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/fx-analysis-usdjpy-hits-34-year-highs-gold-surges\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2024\/02\/AdobeStock_64352337.jpg\",\"articleSection\":[\"Articles\",\"Forex\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/fx-analysis-usdjpy-hits-34-year-highs-gold-surges\/\",\"url\":\"https:\/\/www.gomarkets.com\/en\/articles\/fx-analysis-usdjpy-hits-34-year-highs-gold-surges\/\",\"name\":\"FX analysis \u2013 USDJPY hits 34 year highs, Gold surges - 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The highlights were: USDJPY pushed past its November 2023 high hitting 151.97 which is the highest level this pair has ","link":"https:\/\/www.gomarkets.com\/en\/articles\/general-trading-information\/go-markets-achieves-iso-27001-certification\/","type":"next","category":"general-trading-information"},"previous":{"id":695564,"slug":"cintas-exceeds-estimates-and-raises-guidance-the-stock-reaches-a-new-all-time-high","title":"Cintas exceeds estimates and raises guidance \u2013 the stock reaches a new all-time high","date":"2024-03-28 08:00:47","excerpt":"Thin trading in FX markets continued in a holiday shortened week with G10 FX mostly flat against the USD in Wednesday\u2019s session also looking like traders are waiting for Fridays key US PCE inflation reading. The highlights were: USDJPY pushed past its November 2023 high hitting 151.97 which is the highest level this pair has ","link":"https:\/\/www.gomarkets.com\/en\/articles\/shares-and-indices\/cintas-exceeds-estimates-and-raises-guidance-the-stock-reaches-a-new-all-time-high\/","type":"previous","category":"shares-and-indices"},"category":{"slug":"articles"},"_links":{"self":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/695606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/comments?post=695606"}],"version-history":[{"count":0,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/695606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/media\/694259"}],"wp:attachment":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/media?parent=695606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/categories?post=695606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/tags?post=695606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}