The GBP\/JPY has reached a fresh two-day high at around 163.62. Investors\u2019 optimism augmented their appetite for risk-sensitive currencies like the pound.
The pair erases Wednesday\u2019s losses and soars on Thursday amidst a risk-on impulse that augmented appetite for riskier assets, meaning safe-haven peers sustaining losses. The pair is trading at fresh two-day highs, up almost 1%.
Wall Street is set to finish Thursday\u2019s session in the green territory, up between 1.14% and 2.22%. Recession fears that the US Federal Reserve would be unable to curb inflation without tipping the US economy into contractionary territory faded. Meanwhile, Fed officials reiterated that a 75 bps rate hike in July is the base case scenario while adding that the US economy is solid.
On Thursday, the GBP\/JPY\u2019s price action illustrates the pair opening around 162.00, followed by a dip towards the middle of the 161.00-162.00 area, and then rallying more than 150 pips, reaching a daily high at around 163.62. However, as the New York session ended, the cross-currency pair settled at around 163.52.<\/p>\n","protected":false},"excerpt":{"rendered":"
The GBP\/JPY has reached a fresh two-day high at around 163.62. Investors\u2019 optimism augmented their appetite for risk-sensitive currencies like the pound.The pair erases Wednesday\u2019s losses and soars on Thursday amidst a risk-on impulse that augmented appetite for riskier assets, meaning safe-haven peers sustaining losses. The pair is trading at fresh two-day highs, up almost …<\/p>\n","protected":false},"author":13,"featured_media":51685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8608,7537,9612,8439],"class_list":["post-68249","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-gbp-jpy","tag-optimism","tag-risk-on-2","tag-us-equities"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=68249"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68249\/revisions"}],"predecessor-version":[{"id":68254,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68249\/revisions\/68254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/51685"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=68249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=68249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=68249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}