Share: GBP/JPY trading into the 181.50 handle, on the low side for the week. The Pound Sterling lost ground across the board this week after a dovish twist from the BoE. The BoJ continues to maintain their easy monetary policy stance. The GBP/JPY is ticking into the south side of the 181.50 handle after the
Article written by Axel Rudolph, Senior Market Analyst at IG USD/JPY puts pressure on its 10-month high There is no stopping USD/JPY’s advance as the US dollar is on track for its tenth consecutive week of gains amid the Federal Reserve’s (Fed) hawkish pause while the Bank of Japan (BOJ) rigorously holds onto its dovish
Share: GBP/JPY looking down a steep hill as the pair loses ground near 183.00. Data-packed economic calendar for the UK in the bottom half of next week. GBP struggles to find a floor on mixed UK data souring investor appetite. The GBP/JPY has struggled to develop meaningful momentum in recent weeks, and the
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter USD/JPY TECHNICAL ANALYSIS USD/JPY advanced last week to its highest level since November 2022, but pulled back after a failed attempt to clear channel resistance, which coincided with comments from Bank of Japan
British Pound Vs US Dollar, Euro, Japanese Yen – Price Setups: Still-hot UK wage growth hasn’t translated into higher GBP/USD yet. EUR/GBP is holding above vital support, frustrating bears. GBP/JPY continues to be well guided by a rising channel. What is the outlook and key levels to watch in select GBP crosses? Recommended by Manish
British Pound, GBP/USD, GBP/JPY – Technical Update: Recommended by Daniel Dubrovsky How to Trade GBP/USD The British Pound may extend lower in the coming trading sessions. That is because GBP/USD confirmed a breakout under a bearish Head & Shoulders chart formation over the past few days. Now, the next obstacle to the downside is the
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter JAPANESE YEN FORECAST – USD/JPY TECHNICAL ANALYSIS USD/JPY rallied and rose to its highest level since November 2022 earlier in the week, but began to retreat after failing to clear channel resistance in
Share: GBP/JPY loses momentum, snaps two-day winning streak on Wednesday. UK S&P Global/CIPS Composite PMI fell to 48.6 in August vs. 50.8 prior. Japanese policymakers will closely monitor FX movements with a sense of urgency. The attention will shift to Japan’s Gross Domestic Product (GDP) due on Friday. The GBP/JPY cross struggles to
Share: GBP/JPY stays defensive after two-day losing streak, bounces off one-week low. UK FinMin Hunt expects slower inflation despite September’s blip, challenging BoE rate hikes. Japan Monetary Base expands in August, suggesting need for hawkish BoJ. BoE Monetary Policy Report Hearings, Japan Q2 2023 GDP will be important for fresh impulse. GBP/JPY floats
Pound Sterling (GBP/USD, EUR/GBP, GBP/JPY) Analysis Pound Sterling Takes a Back Seat as US, EU Data Takes the Wheel Markets continue to exhibit enhanced sensitivity to news flow this week. Earlier US jobs data (JOLTs, ADP) sent the US dollar lower over the last 3 trading days and today’s EU inflation data has seen a
