Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
After bottoming around 106.8 area, the USD/JPY exchange rate has moved higher as the rate hike speculations from the U.S. Federal Reserve eased to some extent and as risk aversion faded with China and the United States agreeing to resume stalled negotiations after a meeting between President Trump and President Xi on the sidelines of last week’s G20 meeting in Osaka Japan.
The risk-on sentiment has not yet returned completely, however, our calculations suggest that the risk aversion is set to fade further in the coming days and equities to move higher.
Trade idea:
Our calculations suggest that the yen is likely to weaken further n the coming days. We would recommend buying USD/JPY at current price and at dip with the target around 110.8 area, and the stop loss around the recent bottom around 106.8 area.
