FXWW News/Trade Ideas/USD/JPY

Gold and Silver march higher in early Asian trade; could be USD/JPY bearish

It looks like renewed attention on the European debt situation and bank stability has helped to encourage some Gold and Silver buying, which in turn has triggered topside stops in thin markets.

Silver is +2.5% and testing resistance levels near 21.00 and Gold is back above $1330.

Risk-off and USD-negative; this should prove to be USD/JPY bearish once Tokyo opens. Presently trading near 96.30 with next technical support at 95.80.

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