GBP/JPY Price Forecast: Breaks higher to 213.00 as risk-off sinks JPY

The GBP/JPY rises on Monday, courtesy of a risk-off mood that weighed on safe-haven peers like the Japanese Yen and the Dollar, which are trading softer against most currencies. At the time of writing the cross-pair trade at 212.88 up 0.61%.

Gold smashes $4,600 record as Powell charges ignite haven frenzy

Gold (XAU/USD) rallies to new record high past $4,600 on Monday due to safe-haven flows courtesy of the US Department of Justice, which presented charges against the Federal Reserve Chair Jerome Powell over the building’s renovations. At the time of writing, XAU/USD trades at $4606, up more than 2%.

FX Today: US inflation steps in

The US Dollar (USD) lost some of its shine on Monday, weighed down by renewed concerns over the Fed’s independence as investors seem to have started to pencil in a (more?) dovish Fed in the upcoming months.

AUD/USD rebounds as US Dollar weakens on Fed independence concerns

The Australian Dollar (AUD) gains traction against the US Dollar (USD) on Monday, with AUD/USD snapping a three-day losing streak as broad-based weakness in the Greenback lifts the pair. At the time of writing, AUD/USD trades around 0.6714, up nearly 0.35% on the day.

NZD/USD rises as US Dollar retreats on Fed independence concerns

NZD/USD advances and trades around 0.5770 on Monday, up 0.60% on the day at the time of writing. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as renewed concerns over the independence of the Federal Reserve (Fed) underpin the pair.