USD/JPY is trading at 138.598, 0.23% down since previous day close. The YEN strengthened on Friday post Bank of Japan (BoJ) meeting wherein an interest rate was left unchanged at -0.10% as expected; however, hinted for dovish stance in future course of time in order to boost an economic growth. The Japan’s yield control curve (YCC) is expected to remain stagnant; turning out to be positive for USD/JPY. Besides this, the FOMC & ECB hiked a rate by 25bps which remained slightly suppressive for YEN. As seen in the chart, the pair slid down to Fibo level 50.0 & is trading at MA (100). These levels act as a major support zone & hence, further buying may be seen in YEN against the USD of breached down the level.

AUS200 is trading at 7307.3, 0.11% down since previous close. The profit-booking can be seen in AUS200 after USD surges on account of better U.S GDP data & steady BoJ monetary stance. On data front, the PPI rate grew by just 0.5% lower than previous figure 1.0% & the Retail Sales   fell by 0.8% higher than expectation. These slightly weigh down the AUS200. Earlier, the global indices inches up post FOMC meeting wherein an interest rate was hiked by 25bps as expected & hinted for one more rate hike later in this year. Ongoing Chinese stimulus talks may further support the AUS200 since China & Australia are the trading partners. Buying on lower levels may be suggested in AUS200 since the index may sustain the MA (10).

Silver is trading at $24.235, 0.09% up since previous close. The Silver prices seems to be trading flat to higher side on Friday against the steady USD as BoJ maintained an interest rate steady at -0.10%; however, hinted for dovish stance in future course of time. On Wednesday, the Fed hiked an interest rate by 25bps leading to 5.50% from the range of 5.25%; as expected & hinted for a one more rate hike later in this year which pushed up the precious metals. The market will be looking forward to the result of U.S Consumer Sentiment data due today. As seen in the chart, the Silver corrected till MA (100) which may act as support level & hence, the cautious trading may be recommended for the day.