1. USD/JPY Analysis:

News Summary:

Japan’s consumer price index (CPI) rose 1.5% year-on-year in January, slowing significantly from the previous reading of 2.1% and falling below the Bank of Japan’s 2% target range for the first time. This has directly weakened market confidence in the possibility of further monetary tightening by the central bank. Core inflation also eased to 2.0%, while the core index excluding food and energy came in at 2.6%, indicating that overall price pressures are moderating. The Nikkei index has experienced volatility due to heightened risk aversion stemming from tensions in the Middle East, which has dampened corporate investment and consumption targets, prolonging the period of pressure on economic activity.

Trend Analysis:

On the H4 chart, we can see USD/JPY continues to trend upward and is trading above the 48 hours moving average. In addition, both the MACD double line and histogram bars are expanding above the zero axis. The buy limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [158.00]

Key Resistance Levels: [160.00]
Pivot Points [158.50]

2. Gold Analysis:

News Summary:

The global gold market is currently engaged in a dramatic tug-of-war. On one side is the surge in safe-haven demand fueled by escalating conflict in the Middle East, while on the other side are the dual pressures of a surging U.S. dollar and the re-emergence of inflation concerns. Spot gold edged slightly lower on Wednesday, and within just a few days the price range has narrowed significantly. Standard Chartered noted that short-term profit-taking is a normal phenomenon during periods of strong cash demand and continues to maintain a long-term bullish outlook on gold.

Trend Analysis:

We can see gold has pulled back in a consolidating pattern and is trading near the 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy bars are expanding around the zero axis. The sell limit could be placed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [5180]

Key Resistance Levels: [5100]

Pivot Points [5170]