Who really knows Why BUT the Yen is THE #1 Determinant of the PM Market !

It’s not like Japan is all that important anymore..It has been in decline for 3 decades .

The Yen bounced at a 50% Fibo Support ..BUT it is still in a downtrend and has almost rebounded to the next Fibo

yen111

It is obvious the Yen Stops there …almost NO doubt

IF Gold can hold 1310 -1320 as the Yen hits strong resistance…that would be a Positive…about 50 pips more for the Yen

All eyes on the yen (pesky little bugger)