BOJ unlikely to ease further for now – Abe Advisor Hamada

Japanese PM Abe’s Advisor Hamada was on the wires stating the Bank of Japan is unlikely to ease further as of now.

Hamada added the current Yen level is not too strong versus US dollar and also stated a risk of further sales-tax hike outweigh benefits.

Gold struggles to take out 5-DMA hurdle

Having ended on a weaker note on Friday despite broad based USD selling, Gold is having a tough time breaching 5-DMA hurdle at $1259.36 levels.
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NZD/USD extends losses in tandem with oil, nears 0.6700

The bearish pressure surrounding the New Zealand dollar strengthened post-European open, knocking-off NZD/USD to session lows just ahead of 0.67 barrier, before recovering some ground over the last hour.
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