Reply To: Forex Weekly Outlook – Japanese Yen Weakest Major Currency Against US Dollar in 2022

#36854
TradersCom
Keymaster

USD moves lower as yields back off versus all the major currencies with the exception of the CHF.

The GBP got a boost to new highs helped by comments from BOE Bailey that inflation is the central banks biggest challenge, and rising food price were also a major worry. The BOE warned that inflation may rise to 10% later this year.

The price has now moved above a swing area between 1.2288 and 1.23006.

Spot gold move higher with the falling dollar. The price of gold rose will dollars and $0.62 or 0.70% $1823.30