The dollar continues to be softer, even with the holiday in the states. As a result, Gold continues its push towards its highest level since September, Cable broke through 1.38 for the first time in roughly eighteen months and Euro still has its sights set on 1.23.

Yen’s recent strength against the slumping dollar slowed a bit today as Dollar Yen began to climb on the back of news out of Japan. A mixture of lower than expected PPI readings, Japan still seemingly a long way off from their 2% target inflation rate and comments from Japanese finance minister Taro Aso. In his comments he hinted that volatile price swings in currency could spell trouble. Naturally, this Yen weakness had corresponding effects on all Yen pairs.