US Dollar, Euro, British Pound vs. Japanese Yen – Outlook: USD/JPY is once again testing the psychological 150 mark. Risk of intervention is growing amid speculation of a tweak in BOJ YCC policy. What is the outlook and what are the key levels to watch in select JPY crosses? Looking for actionable trading ideas? Download
British Pound Vs US Dollar, Japanese Yen, Australian Dollar – Price Setups: UK jobs and business activity data further reinforce the market’s expectation of peak UK rates. Key focus is on US GDP due Thursday and US PCE data due Friday. What is the outlook and key levels to watch in select GBP crosses? Curious
GBPJPY tests/breaks below 100 day MA Looking at the daily chart, the 100 day moving average currently comes in at 181.64. The price has just dipped below that level and currently trades at 181.57. Admittedly, earlier this month, the price fell below the moving average level for the 1st time since March 2023, but could
Share: The GBP/JPY extended losses into Friday trading, tapping into 181.27 and ending the week on the low side. The Pound Sterling rose to 183.82 in the mid-week, but bad data buds and souring market sentiment sent the Guppy back into the week’s lows. Coming up next week: UK labor and wages figures
Share: GBP/JPY sticks to modest intraday gains near the multi-week top touched earlier this Thursday. The BoJ’s dovish stance, a positive risk tone continues to undermine the JPY and lend support. Traders now look to the UK macro data before positioning for any further appreciating move. The GBP/JPY cross now seems to have
USD/JPY, GBP/JPY PRICE, CHARTS AND ANALYSIS: Most Read: Short USD/JPY: A Reprieve in the DXY Rally and FX Intervention by the BoJ (Top Trade Q4) USD/JPY, GBP/JPY FUNDAMENTAL BACKDROP The Japanese Yen has resumed its struggles following the Bond purchase offensive by the Bank of Japan (BoJ) on October 2. The biggest winner has actually
UK: The BoE kept interest rates unchanged at the last meeting. The central bank is leaning more towards keeping interest rates “higher for longer” but it kept a door open for further tightening if inflationary pressures were to be more persistent. Key economic data like the latest employment report showed a very high wage growth
US Dollar, Australian Dollar, British Pound vs. Japanese Yen – Price Action: USD/JPY continues to hover below the psychological 150 mark. GBP/JPY is attempting to rise further; AUD/JPY is holding above key support. What is the outlook and what are the key levels to watch in select JPY crosses? Looking for actionable trading ideas? Download
Share: GBP/JPY registers a 0.50% gain, moving from 179.56 to a close of 180.92, with a cautious uptick to 181.05. An imminent test of the Ichimoku Cloud bottom at 181.61 could dictate the next directional move towards 181.90 or below 178.03. Short-term view leans neutral to slightly bullish, with key resistances set at
Share: GBP/JPY remains lackluster near 180.50 despite the UK’s economic turmoil. BoE Bailey sees inflation likely at or below 5% by the year-end. Japan Kishida vowed to make a surge of wage rises sustainable to keep inflation above 2%. The GBP/JPY pair struggles for a direction as the impact of the Bank of
