GBP/JPY inched down on poor UK labor report, despite optimistic Carney

GBP under stress on subdued UK job data. The yen is also under pressure after Japan termed recent strength in Yen as “one-sided”. GBP/JPY is now trading around 150.11, in the New York Session, edging down by 0.10% on a subdued UK job report published on Wednesday coupled wit ...

GBP/JPY climbing higher in Tokyo trading

GBP/JPY moving up as Yen declines. BoJ trying to protect growth from strong currency. GBP/JPY gained on Tuesday and is continuing to climb in Tokyo trading, testing the 150.50 area as of writing. The Yen has begun to recede following thinly-veiled threats from the Bank of Japan (BoJ) lat ...

GBP/JPY sliding back down as 2-year Treasury yield hits 2.2%

GBP/JPY backing down on Treasury spikes. Yen strength continues, but muted following BoJ threats. GBP/JPY is slipping back to test below 149.20 in Tokyo markets as markets knee-jerk react to rising bond yields. The Sterling managed to gain around 30 pips in the overnight session,  but ha ...

GBP/JPY looking to claim the 149.30 handle in Tokyo market

GBP/JPY lifting on thin Asia markets. Brexit continues to loom ahead of data-heavy week. GBP/JPY is testing higher in Tokyo trading, currently on a push over the 149.30 handle. With China's banking system off the cards today as the country celebrates Chinese New Year, Asia session market ...

Is GBP/JPY building base below 149.00?

The chart shows multiple daily lows around 148.90. Japan logs trade deficit in January, Tankan index dropped in Feb. Four out of last six candles on the GBP/JPY daily chart show intraday low in the 148.90 neighborhood. Further, last Wednesday's "long-tailed" doji also indicate ...

GBP/JPY stabilizes around ¥149.00 on weak UK data, Japanese warning

The GBP/JPY is trading just under ¥149.00 as the trading week draws to a close. A poor result on UK retail sales and a warning about an intervention by Japan weighed on the pair. The technical picture remains bearish. The GBP/JPY is trading near the lower end of Friday's tradin ...

GBP/JPY flirting with lows, drifts back closer to 149.00 handle

   •  JPY maintains its strong bid tone across the board.    •  Weaker UK retail sales prompt fresh GBP selling. The GBP/JPY cross once again met with some fresh supply near the key 150.00 psychological mark and has now dropped to session lows, around 149.2 ...

GBP/JPY slipping lower in Asia, ahead of UK Retail Sales

GBP/JPY down on Yen strength. UK Retail Sales at 09:30 GMT. The Sterling is falling in Tokyo trading as the Yen resumes its march up the charts; GBP/JPY is testing 149.40 as of writing. GBP/JPY is giving up gains made in early Asia markets as the Yen continues to climb, even as Bank of Japa ...

GBP/JPY peeps above 1H 100-MA, eyes UK retail sales

GBP/JPY could be bottoming out below 150.00.  A convincing break above 150.00 likely on strong UK retail sales. Having built a base along the 1-hour 50-MA in the last 12 hours, the GBP/JPY cross is now trading on the front foot above the 1-hour 100-MA of 149.74.  The currency pair ha ...

GBP/JPY bulls eyeing a sustained recovery beyond 150.00 handle

The GBP/JPY cross recovered early lost ground to sub-149.00 level and refreshed session tops in the last minute.  The cross has witnessed some good two-way moves over the past 24-hours and the area near the 149.00 handle continues to offer good support. The recovery move, however, seeme ...

Yen demand pushes GBP/JPY back to 149.00

The JPY is solidly bid in Asia. GBP/JPY drops to 148.94 Bulls need a positive follow-through to yesterday's long-tailed doji candle. GBP/JPY fell to a low of 148.94 in Asia, courtesy of the strong Yen. The Japanese Yen's rise contradicts the uptick in the treasury yields. Also, th ...

GBP/JPY slips on Machine Orders miss, but climbing back heading into Tokyo

GBP/JPY slips lower in the overnight session/ Pair winds up where it started following data-heavy Wednesday. GBP/JPY is looking for a foothold heading into Tokyo markets, currently trading back into the 149.50 region following a slip to 149.12 on a Japanese Machine Orders miss. Th ...

GBP/JPY extends recovery from the lows, remains below 150.00

The GBP/JPY recovered from lowest levels since November and reached a high of 149.88 amid volatile trading.  A better market mood is supporting the cross. The GBP/JPY is trading above 149.00 after reaching a high of 149.88, a rise from the lows of 147.97 recorded in earlier. US inflatio ...