Bank of Japan Deputy Governor Shinichi Uchida stated that the central bank would not raise interest rates during financial market instability. He emphasized that the BOJ's current monetary easing policies would remain due to recent market volatility. Uchida noted that a stronger yen and market fluctuations influence the BOJ's policy decisions, particularly regarding inflation and economic outlook​. The market reacted with a surge in dollar yen bumping it up to 147.5 recently. This looks to be a strong trend considering that rate hikes look to be unlikely following his comment, weakening the status of the yen. AUD is looking good at the moment after the decision yesterday to keep rates constant at 4.35%. More bullish movements were spotted today after the chinese trade balance looking positive. Why exactly is this good news? It is because Australia exports a lot of their goods to China and upon the positive outlook on Chinese imports, this will appreciate the AUD further. Gold looking to have a good entry point after a drop last night. With the imminent cut rates in September and looking into the political side of things, the Middle East tensions looks to be escalating, gold looks to rally..Putting these considerations in mind, a long position in gold looks to be more a strong option and with recent price drops, this could serve as a good entry position for gold