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Amid political uncertainty, the Japanese yen faces challenges as speculation about a snap election intensifies, observes Pesole.
The Japanese Yen struggles amid political uncertainty and possible snap elections, leading to increased USD/JPY buying. Traders anticipate volatility as the Bank of Japan remains cautious on intervention strategies. – vtmarketsmy.com
Written on January 12, 2026 at 2:26 pm
Categories: Live Updates
UOB Group analysts suggest GBP may reach key support at 1.3370, potentially hitting 1.3340.
Pound Sterling (GBP) is under pressure, potentially testing the 1.3370 support level amidst weak economic data. Traders may consider bearish strategies as analysts predict further declines in the coming weeks. – vtmarketsmy.com
Written on January 12, 2026 at 2:26 pm
Categories: Live Updates
Analyst Pesole comments on potential gains for EUR and SEK; easing Fed risks could push EUR/USD towards 1.17-1.1750.
The euro and Swedish krona may rise if Federal Reserve concerns ease, potentially reaching 1.1750. Meanwhile, the Swiss franc thrives as a safe-haven amid geopolitical tensions, particularly regarding Greenland. – vtmarketsmy.com
Written on January 12, 2026 at 2:25 pm
Categories: Live Updates
UOB Group analysts say the euro must fall below 1.1615 for a potential drop to 1.1585
The Euro (EUR) must break below 1.1615 to drop toward 1.1585, amid bearish sentiment. Traders may benefit from put options as low volatility presents a cost-effective strategy for potential declines. – vtmarketsmy.com
Written on January 12, 2026 at 1:26 pm
Categories: Live Updates
Gold has surpassed its December high, indicating upward momentum, according to Société Générale’s analysts.
Gold prices are rising, recently breaking previous peaks with strong momentum. Support remains at $4,400, while projections suggest reaching $4,645 to $4,720 as central bank demand and a weak dollar boost attractiveness. – vtmarketsmy.com
Written on January 12, 2026 at 1:26 pm
Categories: Live Updates
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