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USD/JPY attracts some dip-buying after disappointing Japanese Q4 GDP growth figures. The safe-haven JPY was also weighed down by improvement in the global risk sentiment. Holiday in the US might hold investors from placing aggressive bullish bets and cap gains.
Gold retreats from two-week tops amid receding demand for traditional safe-haven assets. The precious metal failed to capitalize on its recent positive move to near two-week tops and edged lower during the early European session on Monday amid fading safe-haven demand.
WTI slips from the monthly top to $52.40 during Monday’s Asian session. In doing so, the pair confronts short-term resistance while staying above the 10-day SMA. Also favoring the buyers are technical indicators like MACD and RSI.