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The USD/JPY price turned upside after reaching yesterday’s low of 146.65. The pair has climbed as high as 147.87 today.

The gold price is trading in the green at $2,033 at the time of writing. The metal seems determined to hit new highs as USD lost momentum.

Stay informed about the upcoming monetary policy announcements, economic data releases, and potential rate changes by central banks including the Bank of Japan, Bank of Canada, and European Central Bank. Expectations for rate hikes, rate cuts, and inflation data will influence market sentiment and trading opportunities. Keep an eye on Japan's CPI, US Core PCE Price Index, and Personal Income and Spending data for insights into consumer behavior and economic growth.

The gold price turned to the downside as dollar struggled to resume its current swing higher. The metal is trading at $2,022 when writing.

The gold price seems undecided in the short term. The precious metal is trading at $2,041, below yesterday’s high of $2,047.

A very busy week ahead with lots of market moving events on the agenda.

The GBP/USD price retreated slightly after posting a new high of 1.2569 in the last session. The pair is trading at 1.2534 when writing.

The USD is mostly lower to start Thanksgiving Day

Forex news for North American trading on Nov 23, 2023

Next week highlights include the PBoC LPR decision, FOMC minutes, ECB Minutes, RBA Minutes, Japanese CPI, UK Budget, Riksbank and Flash PMI data