GBP/JPY back below 141.00, consolidates weekly losses

GBP/JPY down 0.85% over the week, heads for lowest weekly close in 16 months.  Risk aversion supports JPY while Brexit concerns weighs on GBP. The GBP/JPY pair is falling 50 pips on Friday, but remain above weekly lows. Since the beginning of the US session it is moving between 140.25 an ...

GBP/JPY digging in at 141.00 as market sentiment hangs steady

The Guppy is seeing tentative pushes higher as markets hope for a positive outcome from US-China talks. The Sterling saw Retail Sales surprise to the upside, helping to put a floor under recent bearish action. The GBP/JPY is continuing to drift higher from the week's low of 139.90 ...

GBP/JPY stuck near 140.00 as risk aversion remains on the surface

Sterling remains chained down by Brexit fears and uninspiring economic data. Broader market concerns on trade wars sees the JPY remaining a popular choice for the risk averse. The GBP/JPY pair is trading into 140.30 in early Thursday's market action after the Pound sunk to a fres ...

GBP/JPY holds steady near mid-141.00 post-UK CPI

   •  Headline UK CPI matches consensus estimates, flat m/m reading fails to impress.    •  Brexit uncertainties offset fading safe-haven demand and do little to provide an impetus. The GBP/JPY cross struggled to build on an early uptick and is currentl ...

GBP/JPY Technical Analysis: pullback from 12-month low losing steam

The Sterling is bouncing against the safe-haven Yen this week as market fears over Turkey contagion continue to subside. Trade war angst and Brexit concerns continue to hang close at hand, and risk-on momentum remains limited. A 12-month low has been etched into the Guppy, and buyers ar ...

GBP/JPY falls back to mid-141.00s on Hunt’s comments

   •  Hunt’s comments on no-deal Brexit prompts some fresh selling.    •  Risk-recovery/fading safe-haven demand helps limit further downside. The GBP/JPY cross extended the post-UK jobs data retracement slide and has now erased a major part of it ...

GBP/JPY Technical Analysis: bulls looking to springboard off 141.00

Sterling bulls are managing to etch in small gains for the Guppy, attempting to find a foothold off of a higher low for Monday. The GBP is steeply off against the Yen but traders hoping for a bullish correction are remaining hesitant, keeping a bounce half-hearted. A 13-month low for th ...

GBP/JPY rebounds from 11-month lows, finds resistance at 141.80

GBP/JPY hits fresh lows since August 2017 and then rebounds. The trend continues to point down as pound heads for ninth slide in-a-row versus the yen. The GBP/JPY rebounded during the last hours amid a correction of the Japanese yen across the board. The recovery in equity prices weakened th ...

GBP/JPY Technical Analysis: Guppy sees little buyer action at 12-month lows

The Sterling has lost nearly -4.5% against the safe-haven Yen in only two weeks as the already-weakened GBP gets faced down by the JPY as broader markets recoil on the back of renewed contagion risks stemming from Turkey. A thin calendar for Monday is unlikely to see much directional volatilit ...

GBP/JPY closes Monday gap but downside risk remains

Sterling closes the weekend gap before hesitating once more. Monday sees a thin affair on the calendar ahead of Tuesday's UK Earnings figures. The GBP/JPY is trading near the 141.00 major level following a mild recovery from an eleventh month low seen on risk aversion flights piling int ...

GBP/JPY struggling to hang onto 142.50 ahead of Japan and UK GDP

The Sterling continues to struggle to find bidders, slumping to a 12-month bottom against the JPY. Friday sees GDP figures for both the Yen and the Pound, and volatility can be expected to remain high. The GBP/JPY is trading into 142.50 heading into Friday's action; the Sterling attempte ...

GBP/JPY Technical Analysis: Bull RSI divergence may offer relief

The GBP/JPY hourly chart shows the relative strength index (RSI) has not confirmed the lower lows structure in the price chart. The bull divergence would take effect if the pair moves above the previous hourly candle's high of 142.68, allowing a corrective rally to 143.00 (roun ...

GBP/JPY stumbles into new low as Japan Machinery Orders miss

Sterling takes a header against the Yen as Japan Machinery Orders miss the mark. Japan saw an unexpected contraction in both the m/m and y/y figures, sending traders into the safe haven JPY. The GBP/JPY is sliding in Asia markets as the already-weak Sterling faces a fresh round of ris ...