#june meeting

The post Japanese Yen edges higher as intervention fears return appeared on BitcoinEthereumNews.com. The USD/JPY pair trades with mild losses near 162.35 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as traders continue to watch for signs of possible intervention by Japanese authorities to support the currency. The Federal Reserve’s (Fed) June meeting minutes will be released later on Wednesday. Expectations for further US rate increases have eased following weaker-than-expected Nonfarm Payrolls (NFP) data, weighing on the Greenback. Federal Reserve (Fed) Bank of New York President John Williams said on Tuesday that he has grown a little less worried about the state of price pressures in the economy due to the recent retreat in energy prices, which he expects to continue. Meanwhile, Fed Governor Christopher Waller stated on Monday that forward guidance can be a valuable tool under the right circumstances but can also be a pr

The post Gold edges lower to near $4,100 on renewed US–Iran tensions appeared on BitcoinEthereumNews.com. Gold price (XAU/USD) loses ground to around $4,100 during the early Asian session on Wednesday. The precious metal faces new selling pressure after the US vows a response against Iran following reports of attacks on three oil tankers in and around the Strait of Hormuz. Traders await the release of the Federal Reserve’s (Fed) June meeting minutes later on Wednesday. “US Central Command forces have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” Centcom said on Tuesday. The US military added that the strikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz. Renewed tensions threaten to further destabilize relations between Washington and Tehran after both countries inked an interim peace de