GBP/JPY pulls back from a multi-month peak, though the downside potential seems limited. The BoJ rate-hike uncertainty could undermine the JPY and lend some support to the cross. Traders look to the UK Autumn Budget for short-term impetus ahead of the BoJ on Thursday. The GBP/JPY cross edges lower during the Asian session on Wednesday […]
GBP/JPY gains ground despite lower-than-expected Consumer Price Index data from the United Kingdom. UK Consumer Price Index rose at 2.2% YoY in July, against the expected 2.3% growth. The downside of the Yen could be limited due to safe-haven flows amid rising Middle-East tensions. GBP/JPY extends its winning streak for the third consecutive session, trading […]
GBP/JPY tumbled back to 203.00 as markets suspect continued market intervention. The Yen soared a full percent against the Pound Sterling on Wednesday. This follows last week’s 2% sudden decline and a surge in BoJ spending. GBP/JPY continued a pattern of sharp declines on Wednesday, tumbling over a full percent on the day as markets […]
GBP/JPY depreciated as Japan’s Suzuki mentioned taking action against excessive currency volatility if needed. Japan’s foreign exchange reserves declined to $1,231 billion in May, reaching their lowest level since February 2023. The slower progress in the disinflation process diminishes the likelihood of multiple BoE rate cuts this year. GBP/JPY extended losses for the second consecutive day, […]
Share: GBP/JPY rose near 184.15, but further downside may be on the horizon as bullish momentum wanes. Japan reported soft inflation figures from July. Eyes on Ueda’s and BoE’s official speeches on Saturday. At the end of the week, the GBP/JPY slightly advanced, tallying a 0.50% weekly loss. Inflation figures from July from […]
Share: GBP/JPY trades with losses at the 180.20 area, recording a fourth consecutive day of losses. Exports in Japan expanded at a slower pace than expected in June. Dovish bets on the BoE limit the GBP’s advance. The GBP/JPY retreats below 181.0 on Thursday as markets stay cautious ahead of Japanese inflation figures and the […]
