GBP/JPY falls back into 151.00 as the UK misses key data and markets sour

Sterling falls as markets swing risk-off once more with little happening to resolve current geopolitical tensions. Bearish economic data is beginning to become the norm for the UK, and the Sterling is faltering. The GBP/JPY continues to trade near the bottom after losing ground yesterday, an ...

GBP/JPY still riding low in the water, manages to make it back to 152.50

GBP loses ground against the Yen as economic data for the UK disappoints. Sterling's attempts at bouncing are being helped by the Yen's Asia session weakness as risk bids higher. The Sterling is struggling to find its footing against the Yen, lifting but still close to the floor nea ...

GBP/JPY catches a bid as stocks rise

Risk-on action in Asia hurts the Japanese Yen. GBP/JPY is on the rise, awaits range breakout. The Japanese Yen is losing altitude in Asia, possibly due to risk-on action in the equities. Currently, GBP/JPY is trading at 153.35 - up 0.30 percent on the day. Also, the cross has moved above th ...

GBP/JPY consolidating after testing 154 handle

Next week will see UK inflation, wages and retail sales. The Japanese Yen is still vulnerable to geopoltical tensions in the Middle-East The GBP/JPY has lost about 80 pips from session’s highs as the GBP/USD is testing the 2018 high. GBP/JPY is now trading at around 153.13 up 0.29% o ...

GBP/JPY continuing to break higher, edging into 153.00

Sterling lifts on Brexit confidence while safe haven Yen walks back on Syria cooldown. Trade concerns could return to ice over market sentiment soon, with further tariffs in the pipe between the US and China. The Sterling is stretching for more, testing into 152.80 heading into the Toky ...

GBP/JPY is testing weekly highs ahead of BoE’s Carney speech

The GBP/JPY got a boost on combining factors including better prospects for Brexit. The Bank of England Governor Carney is slated to speak at 19:00 GMT. The GBP/JPY is trading at about 152.47 up 0.75% as it is trading at weekly highs.  The British pound saw a fresh wave of buying i ...

GBP/JPY loses footing at the 82.00 handle and shifts lower

Sterling walks back against safe haven Yen as markets sour on Middle East tensions. GBP/JPY sees speeches from both respective central bank's chiefs today. The GBP/JPY lost ground on Wednesday, ending a six-day winning streak as markets retreated on Middle East concerns. The pair i ...

GBP/JPY loses 152.00 handle on Yen bump

Japanese Machine Orders beat expectations and boost the Yen on reaction. Yen buying is remaining limited in the early session as Tuesday's risk appetite carries over. The GBP/JPY knocked lower to 151.70 following Japanese Machine Orders buoying the Yen, but the pair has recovered bac ...

GBP/JPY climbs back over 151.00

China's soft stance on trade lending a boost to market sentiment. The challenge for risk buyers is to maintain confidence heading into the rest of the week. The GBP/JPY lifted to capture the 151.00 handle, settling into 151.40 after climbing to 151.50 following China's positive trad ...

China’s Xi helps GBP/JPY find acceptance above 100-day MA

China's Xi's comments push risk assets higher. Anti-risk JPY drops, GBP/JPY finds acceptance above 100-day MA. GBP/JPY jumped above 100-day moving average (MA) on Monday and clocked a two-month high of 151.49. However, by the end of the day, the pair had retreated to 150.82, raisin ...

GBP/JPY holds above 151.00 handle, near 2-month tops

   •  JPY weighed down by fading safe-haven demand on improving risk appetite.    •  UK data provides an additional boost to GBP and supporting the bullish move. The GBP/JPY cross built on last week's strong rebound from the very important 200-day SM ...

GBP/JPY holds stable near 6-week tops, around mid-150.00s

   •  Struggles to build on this week’s rebound from the very important 200-day SMA.    • A combination of diverging forces failed to provide any fresh bullish impetus.     •  Dip buying interest below 150.00 handle helps limi ...

GBP/JPY regains footing after slipping, holding onto the 150.00 handle

The Sterling has recovered against the Yen, but the chance of continued risk flights remains high heading into the week's end. NFP Friday to cap off a week fraught with risk selling and recovery buying as broad markets focus on geopolitical tensions. The GBP/JPY has rebounded back abov ...

GBP/JPY bulls reaching 150 handle as trade war concerns abate

The GBP/JPY is trying to close above the 150 handle. The yen is weak against most currencies as trade war concerns are abating.  The GBP/JPY is trading at around 150.19 virtually unchanged on Thursday as the Japanese yen is decreasing in value across the board, amid limite ...