#foreign-exchange

#foreign-exchange

The USD/JPY pair is moving on a volatile path, reflecting the uncertainty that dominates global markets. The pair managed twice to approach the 149.00 level during Wednesday's trading, even briefly reaching its highest level in five weeks at 149.14, but it failed to break above the 200-day EMA near 148.22. This reveals a lack of momentum, as traders await the pivotal U.S. economic data scheduled for release this week.

The Dow Jones rose 396 points, for a 1% gain, on Tuesday, as investors mostly rotated out of the tech sector, favoring the 30-company index.

Gold and foreign exchange reserves are invaluable for building military strength; having these reserves is crucial when conflicts arise and immediate funding is required.