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USD/JPY: A pullback is taking shape – Societe Generale

USD/JPY rebound petered out near the confluence of the 50-DMA and the 200-DMA at 151.30/151.60, Societe Generale's FX analysts report.

USD/JPY can fall towards March lows near 146.50

"A pullback is taking shape after this test. The pair has breached the short-term ascending channel within which recent rebound evolved; this denotes possibility of resumption in downtrend. Recent pivot low of 148.15/147.50 is first layer of support. Failure to defend this can lead to continuation in decline towards March lows near 146.50 and perhaps even towards projection at 145."

Gold rises above $3,100 – ING

Gold rose above $3,100/oz for the first time to hit a fresh record high at the start of a new week, ahead of President Donald Trump’s tariff announcement, beating its previous record high hit just last Friday, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
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Gold hits fresh all-time high ahead of Trump’s reciprocal tariff deadline

Gold price (XAU/USD) shots higher at the start of the trading week and hovers around $3,120 at the time of writing on Monday.
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