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Tag: GBPJPY

GBP/JPY nears one-week highs around 161.50 after UK data

GBP/JPY nears one-week highs around 161.50 after UK data GBP/JPY nears one-week highs around 161.50 after UK data

The GBP/JPY cross gained strong positive traction for the third day in a row and soared to a one-week high. The British pound saw aggressive short-covering in reaction to the positive UK jobs report. Risk appetite momentum undermined the yen haven and continued to support the upside move. The crossing GBP/JPY it maintained its strong […]

GBP/JPY hangs on to recovery gains around 157.30 area, lacks bullish conviction

GBP/JPY hangs on to recovery gains around 157.30 area, lacks bullish conviction GBP/JPY hangs on to recovery gains around 157.30 area, lacks bullish conviction

GBP/JPY regained positive traction on Friday and recovered some of the overnight decline. The risk appetite drive undermined the safe haven JPY and extended support to the pair. A gloomy outlook for the UK economy could act as a headwind and limit any further upside. The crossing GBP/JPY it maintained its offered tone during the […]

GBP/JPY falls to eight-day lows near 160.45 after BoE

GBP/JPY falls to eight-day lows near 160.45 after BoE GBP/JPY hangs on to recovery gains around 157.30 area, lacks bullish conviction

The GBP/JPY has reacted to the Bank of England announcement with an initial rise to 163.20, daily high. Immediately after, the pair has lost about 270 pips before falling to a eight-day low at 160.47. As expected, the UK central bank raised interest rates for the fourth time since December and the policy statement suggested […]

GBP/JPY continues to oscillate around $163.00

GBP/JPY continues to oscillate around $163.00 GBP/JPY hangs on to recovery gains around 157.30 area, lacks bullish conviction

GBP/JPY continues to trade steadily and flips either side of the 163.00 level. The pair is in standby mode ahead of this week’s pivotal BoE meeting on Thursday. For now, the 21 DMA around $163.50 offers strong resistance. The GBP/JPY it continues to trade steadily and flips either side of the 163.00 level, as has […]

GBP/JPY hangs on to strong gains after BoJ’s dovish message, struggling to break above 21-DMA

GBP/JPY hangs on to strong gains after BoJ’s dovish message, struggling to break above 21-DMA GBP/JPY hangs on to recovery gains around 157.30 area, lacks bullish conviction

GBP/JPY is trading around 163.00, just below its 21 DMA and more than 100 pips below previous session’s highs. Pound bulls remain hard to find as pessimism about the UK economy and BoE tightening outlook mounts. But the pair is still trading with gains of more than 1.0% on the day hit by the yen […]

Pullback extends, falls back towards 163.00

Pullback extends, falls back towards 163.00 GBP/JPY hangs on to recovery gains around 157.30 area, lacks bullish conviction

GBP/JPY has extended after last Friday’s losses and is back trading near two-week lows in the 163.00 area. Risk aversion flows and an associated drop in UK bond yields were the main factor driving the decline on Monday. The cross is now trading more than 3.0% below last week’s high above 168.00. The crossing GBP/JPY […]

GBP/JPY drops around 200 pips to 165.00, poised for worst close since March

GBP/JPY drops around 200 pips to 165.00, poised for worst close since March GBP/JPY nears one-week highs around 161.50 after UK data

GBP/JPY has turned decisively lower on Friday, falling more than 200 pips to 165.00 from previous highs above 167.50. Weak UK data and risk aversion flows into US stock markets were the main catalysts for the decline. That was enough to offset dovish comments from BoJ Governor Kuroda. The GBP/JPY has turned decisively lower on […]

GBP/JPY jumps over 200 pips towards 167.50 as yen continues to slide

GBP/JPY jumps over 200 pips towards 167.50 as yen continues to slide GBP/JPY hangs on to recovery gains around 157.30 area, lacks bullish conviction

GBP/JPY jumped more than 200 pips on Tuesday from the low of 165.00 to the mid-167.00 as the yen’s slide continued. The yen remains highly vulnerable to rising global yields as long as the BoJ maintains its ultra-dovish stance. The GBP/JPY jumped more than 200 pips on Tuesday from the low of 165.00 to 167.50 […]

GBP/JPY consolidates near six-year highs at 165.00

GBP/JPY consolidates near six-year highs at 165.00 GBP/JPY nears one-week highs around 161.50 after UK data

GBP/JPY has spent most of Monday’s quiet trading session near six-year highs around the 165.00 level. The pair trades more than 9.0% above March lows, with gains driven by BoE/BoJ policy divergence. The next key support area is not until the 175.00 area, 6.0% higher than current levels. The GBP/JPY has spent most of Monday’s […]

GBP/JPY pulls back coming back from yearly highs at 164.85

GBP/JPY pulls back coming back from yearly highs at 164.85 GBP/JPY hangs on to recovery gains around 157.30 area, lacks bullish conviction

GBP/JPY hit new highs in more than six years on Thursday, eclipsing Wednesday’s high of 164.84 by about a pip. But the pair was unable to sustain a break towards 165.00 despite rising global yields, instead pulling back amid profit taking. The GBP/JPY hit new highs in more than six years on Thursday, eclipsing Wednesday’s […]