Here is what you need to know on Friday, June 14: The Japanese Yen (JPY)stays under selling pressure on Friday as markets assess the Bank of Japan's (BoJ) monetary policy announcements.
Here is what you need to know on Friday, June 14: The Japanese Yen stays under selling pressure on Friday as markets assess the Bank of Japan's monetary policy announcements. The US economic calendar will feature Export Price Index and Import Price Index data for May. Later in the session, the University of Michigan will release the preliminary Consumer Sentiment Index for June. The BoJheld its policy rate unchanged at 0% for the second straight meeting in June, as widely anticipated.
At the time of press, the USD Index was trading at its highest level since early March, rising 0.25% on the day near 105.50. EUR/USD stays under heavy bearish pressure in the European session and declines toward 1.0700. After snapping a three-day winning streak on Thursday, GBP/USD continues to push lower early Friday and was last seen trading below 1.2750. Despite the broad-based USD strength, XAU/USD clings to small daily gains at around $2,310.
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