According to Omkar Godbole, the USD/JPY pair is showing significant movements influenced by macroeconomic factors such as interest rate differentials and geopolitical tensions. Traders should monitor the recent breakout levels as they could indicate a potential bullish trend continuation. Godbole suggests that the Japanese Yen's weakness, coupled with the US Dollar's strength, may offer trading opportunities in the forex market. [Source: Twitter @godbole17]

According to The Kobeissi Letter, as trade war concerns have intensified, the demand for gold has increased. A Bank of America survey reveals that 58% of fund managers believe gold will perform best under trade war conditions, despite the expectation of a stronger US Dollar. This indicates a potential rise in gold prices, as fund managers anticipate further growth in its demand amidst global economic tensions.