Forex and Gold Daily Report 22 January 2013

The U.S. dollar eased away from two-and-a-half year highs against the yen on Monday, ahead of Tuesday’s policy announcement by the Bank of Japan and was little changed against the euro in quiet trade. On Friday Jean-Claude Juncker, the outgoing chairman of the eurogroup endorsed Dutch Finance Minister Jeroen Dijsselbloem to take over his job.  The appointment will be closely watched as the head of the eurogroup plays a vital role forming the policy response to the debt crisis.

Gold futures were little changed in subdued trade during U.S. morning hours on Monday, as sentiment on the precious metal remained upbeat ahead of the conclusion of the Bank of Japan policy meeting on Tuesday.

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