The overall strength of the GBP pushes GBP / JPY to the highest level since May 2018 on Wednesday. The optimistic global economic outlook weighs on the safe haven JPY and supports the pair’s upward move. Investors turn to the Bank of England Monetary Policy Report Hearing for significant business opportunities. The crossing GBP / […]
Tag: GBPJPY
GBP / JPY Consolidates Thursday Gains Around 147.70, Holding Near Multi-Month Highs
GBP / JPY is trading in a tight channel on Friday. The major Wall Street indices appear to be opening in positive territory. BoE’s Vlieghe says negative rates may be needed later in the year. The pair GBP/USD it rose to its highest level in more than a year at 147.80 on Thursday and appears […]
GBP / JPY dips towards 146.70, appears to break a 3-day winning streak
GBP / JPY advanced to its highest level in 14 months on Tuesday. Risk appetite helps JPY find demand on Wednesday. The BoE’s Ramsden says they are not looking to undo gold purchases at any point in the near future. The GBP/JPY It extended its rally and touched its highest level since December 2019 at […]
GBP / JPY rises to new 14-month highs above 146.50
GBP / JPY appears to be closing for the third day in a row in positive territory. The JPY struggles to meet the demand as a safe haven on Monday. British Prime Minister Johnson says they want this closure to be the last. The pair GBP/JPY it extended its rally and closed the fourth consecutive […]
GBP / JPY breaks above the 145.00 level for the first time since December 2019
GBP / JPY briefly surpassed 145.00 for the first time since December 2019 on Wednesday. The pair appears poised for a ninth week of rolling gains as the GBP continues to benefit from the vaccine optimism. Wednesday was the usual business for the GBP/JPY; the pair continued to move towards a new post-pandemic high and […]
GBP / JPY extends correction from one-year highs to 144.00 zone
GBP / JPY is falling for the second day in a row on Tuesday. The yen is among the best performing currencies with a slight drop in stocks and Treasury yields. GBP / JPY rose to its highest level since February 2020 at 144.96 on Monday, but then lost momentum. After closing in negative territory […]
GBP / JPY declines from highs around 145.00
GBP / JPY fades from the previous move to highs near 145.00. Rising US yields are fueling the yen’s sell bias. UK Q4 GDP figures will be available later this week. The selling bias in the Japanese safe haven raised the GBP/JPY to new highs at levels just below 145.00 earlier on Monday. GBP / […]
GBP / JPY tests 12-month highs at 144.96
GBP / JPY came close to testing the February 2020 high at 144.96 on Friday. Friday was backed by appetite for risk, but vaccine progress in the UK has been a headwind in recent weeks. The GBP/JPY saw a second day of rally on Friday, with this latest bout driven mainly by a weakening of […]
Seems ready to get 143.00 back
GBP / JPY recovered positive momentum on Thursday and rose again above 142.00. The technical setup remains in favor of the upside, supporting more rises. The surge of buying on reversals should help limit the decline near the horizontal support at 141.25. After the sharp retracement the day before of more than 100 pips, the […]
GBP / JPY hits four-month highs at 142.00 zone
GBP / JPY is heading towards the highest close since February 2020. The pound improved on Tuesday after comments from BoE Governor Andrew Bailey. The pair GBP/JPY it rose even higher during the US session and hit a fresh four-month high at 142.02. The pound failed to go beyond this region and declined modestly. At […]
