Dollar Strength

Gold remains caught between short-term pressure from a stronger US dollar, elevated Treasury yields and persistent longer-term demand. Traders are watching whether support can hold after the metal’s pullback from late August levels.

USD/INR has eased after a brief push above 96.00 and a move toward 96.10, highlighting the pair’s tendency to reverse sharply despite broad dollar strength. Traders are watching whether renewed upside pressure can sustain a break above 96.10 to 96.12 or whether support near 95.95 comes back into play.

A former Bank of Japan official has warned that the central bank may raise rates rapidly this year, potentially pushing borrowing costs above 2% as the yen keeps weakening. For bitcoin, the implications are not straightforward, with tighter Japanese policy potentially pressuring risk assets even as BTC and the yen have recently moved together against the dollar.

Bitcoin has spent five days trading in a narrow band around $59,000 to $60,000, keeping traders on edge as technical signals remain weak. Analysts say a downside break could open the door to a move toward $40,000.

Major cryptocurrencies slipped as a weaker Japanese yen boosted the U.S. dollar and pressured risk assets across the digital-asset market. Bitcoin stayed below $60,000 while traders watched muted onchain demand and the possibility of large Strategy sales.

Major cryptocurrencies fell this week as traders chased the AI stock rally, leaving crypto under fresh pressure. Bitcoin held up better than most, repeatedly bouncing near $58,000.