USD/JPY is trading at 140.009, 0.08% down since previous day close. The YEN traded flat to lower side against the YEN amid mixed global cues. Upcoming FOMC meeting with a suspicious view over interest rate hike decision which is to be held in next week makes the currencies volatile. On data front, the Japan’s Bank Lending grew by 3.4% from 3.2% in the previous month & the Current Account rose to 1.90T against the expectation 1.39T. Earlier, the currencies gained after U.S President Joe Biden signed a debt ceiling bill into law over the weekend. As seen in the chart, the pair USD/JPY successfully crossed over the ascending channel pattern & seems to be taking a support of short-term Moving Averages. Slight selling bias may be seen in YEN against the USD on daily basis.

US100 is trading at 14321.3, 0.10% down since previous close. The U.S markets tumbled down on Wednesday as uncertainty looms over monetary decision in Fed’s forthcoming meeting which is to be held in next week. The better-than-expected U.S Non-farm Payroll figures can revive the rate hike stance. Besides this, the U.S President Joe Biden signed a debt ceiling bill to avert $31.4 trillion worth of debt repayment till January, 2025 over the weekend which turned out to be positive for US100. The U.S is to issue its Unemployment Claims & Final Wholesale Inventories data today which will remain vital for US100. As seen in the chart, the index showed a slight reversal from upper trend-line of channel pattern indicating a cautious trading approach for the day.

Gold is trading at $1945.48, 0.06% down since previous close. The Gold prices seems to be sliding down on Wednesday against the mixed USD as focus remains on upcoming FOMC meeting with a mixed view on monetary decision amid strong U.S NFP figures. Until now, the levels of $1940 have proven to be strong support in Gold. Last week, the positive sentiments built up after U.S President Joe Biden signed a bill to suspend the debt ceiling limit till January, 2025 which boosted up gold. Improved Chinese economic figures remain supportive for prices. The outcome of U.S Jobless Claims data will remain in focus for the day. Either side breakout can be reviewed in Gold on daily basis.