Tag Archives: yen

The negative trades regained control over the movements of the British pound against the Japanese yen after it hit the resistance level of 154.75 to start its daily trading on a bearish slope. On the technical side today, and carefully looking at the 60-minute chart, we notice the clear negative …

On Wednesday, the NZD/JPY clings to its gains, up some 0.10%, amid a risk-off environment. A risk-off market mood triggered an equities selloff in the US stock market, influencing risk-sensitive currencies, like the NZD.The NZD/JPY is downward biased though a break above 77.00 would expose crucial DMAs. The NZD/JPY edges …

Limited positive trading returned to control the pound’s movements against the Japanese yen during the previous trading session, benefiting from approaching the psychological barrier support level 153.00, recording its lowest price at 153.12. Technically, the pair’s current moves are witnessing stability and a pivot above the support level of 153.20, …

Uneven and rather unpredictable trading conditions have prevailed for a second successive session on Tuesday. Ahead of the US close, the S&P 500 is still trading in the red territory but has recovered sharply off earlier session lows, giving a sense of De-Ja Vu after yesterday’s ferocious late-session recovery.The net …

GBP/JPY continues the negative movements after it failed to maintain trading above the support level of 153.70 and recorded its lowest level during the last session at 152.90. Technically, today, we tend to the negativity, relying on the price stability below the previously broken support level, which is now turned …

Markets were ghosted by a wave of risk aversion on Monday, only safe-havens benefitted but risk-sensitive currencies were hurt, though the latter group had pared back on much of their earlier underperformance by the end of US trading session as risk appetite recovered.The US dollar was the safe haven of …

In the New York session, the British pound slides against the safe-haven status of the Japanese yen. The GBP/JPY is trading at 153.64, down 0.27% and the GBP/JPY began in the right foot in the overnight session, though subdued around the daily highs at 154.50. Nevertheless, as the market mood …

The US dollar declined on Friday, along with US Treasury yields, while investors looked ahead to next week’s Federal Reserve meeting for more clarity on the outlook for rate hikes.US Treasury yields fell as stock market declines reflected poor risk appetite, while concerns about potential conflict in Ukraine drove demand …

The GBP/JPY pair fell sharply on Friday and heavy downside in the global equity market and commodity space weighed on more risk-sensitive currencies such as sterling, while a sharp drop in global bond yields on safe-haven demand boosted the rate-sensitive yen.Much worse than expected UK Retail Sales figures for December …

GBP/JPY declined noticeably yesterday after it failed to maintain trading above the 155.50 support level, explaining that the decline below the mentioned level puts the price under negative pressure to target 155.10 and 154.70, to record the pair’s lowest level at 154.45. On the technical side, there may be a …