Gold/JPYLong
XAUJPY approaching support (with some fundamental analysis)
XAU: With increasing risks of emerging markets like Turkey, people tends to buy GOLD in order to protect their purchasing powers. As a result, the demand of Gold increases.
JPY: In mid terms (within 1-2 years) , it is expected that BoJ will not raise the interest rate due to the slow economic and inflation growth. Therefore, it is expected that JPY will not appreciate sharply and even depreciate.
JPY: In mid terms (within 1-2 years) , it is expected that BoJ will not raise the interest rate due to the slow economic and inflation growth. Therefore, it is expected that JPY will not appreciate sharply and even depreciate.
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