Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Further easing from European Central Bank (ECB) is posing new bigger threat to Japanese economy as it would push the competitiveness of European products ahead of Japan.
European Central Bank (ECB) is taking a more aggressive stance while Bank of Japan (BOJ) is shying away from further policy easing. That puts Euro in clearly weaker spot against Yen.
Further erosion of Yen's competitive advantage is likely to put Nikkei in tough spot, which is down close to 1% today and more than 6.5% in last three months. Nikkei CFD is currently trading at 18800.
Euro today has fallen to seven week low against Yen.
Technically speaking, Euro is in a downward channel against yen since June and price is now drifting lower from range high. Euro is currently trading at 133.1 against Yen, further drift down of about 200-250 pips in the very near term very much likely.
Focus is on monetary policies from FED on 28th and Bank of Japan on 30th.
