The US dollar continues to maintain a high consolidation trend Euro kept adjusting under pressure Gold soared high but fell back when obstructed

The US dollar continues to maintain a high consolidation trend

Euro kept adjusting under pressure

Gold soared high but fell back when obstructed

Last Friday (September 15th), the USD/JPY long position rose to 147.80, continuing to approach the key level of 148. According to a Reuters survey, the core inflation rate of Japan's Consumer Price Index (CPI) in August may be 3.0%, surpassing the central bank's target of 2% for 17 consecutive months, proving that Bank of Japan Governor Naoto and Nakano have played down the recent gradual cancellation of large-scale stimulus measures and temporarily declared success in the fight against the “black swan” shift towards austerity.

Affected by the latest economic report from the United States, gold prices tested the $1900/oz USD region last week and finally managed to hold up and rebound, eliminating weekly losses and touching the $1930/oz region. The overall trend is still biased towards a downward trend, with the strengthening of the US dollar putting pressure on gold. The focus of this week is on the decisions of central banks, including the Federal Reserve, but it is expected that there will not be much change and market dynamics may remain unchanged, which may have a negative impact on gold prices.