BoJ’s Kato: Not targeting FX levels but are carefully looking at upside risks from rising import prices

Bank of Japan (BoJ) Executive Director Takashi Kato said on Tuesday that “we are not targeting FX levels but are carefully looking at upside risks from rising import prices.”

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Oct 22, 2024

Gold price hovers near record high, bulls seem unaffected by elevated US bond yields

Gold price (XAU/USD) attracts some dip-buying during the Asian session on Tuesday and remains within the striking distance of a fresh record peak, around the $2,740-2,741 area touched the previous day.

EUR/USD oscillates in a range above 1.0800, not out of the woods yet

The EUR/USD pair enters a bearish consolidation phase during the Asian session on Tuesday and oscillates in a range around the 1.0820 region, just above its lowest level since early August touched the previous day.