GBP/JPY Finds Some Support Near 141.00 Handle, Still Deep In The Red Post-UK Data
Friday, 10 August 2018 16:19 WIB | CURRENCIES |Poundsterling

The GBP/JPY cross continued with its bearish slide for the eight consecutive sessions on Friday but has managed to recover a part of its early decline to the lowest level since late-August 2017.

The cross managed to find decent support near the 141.00 handle and was further supported by better-than-expected UK manufacturing/industrial production data. Adding to this, the UK goods trade balance data also bettered market expectations, which coupled with in-line prelim Q2 GDP growth figures, provided a minor lift in the last hour.

However, the prevalent risk-off mood, as depicted by a sea of red across global equity markets, continued underpinning the Japanese Yen's safe-haven demand and kept a lid on any meaningful up-move. This, against the backdrop of concerns over a no-deal Brexit, might further contribute towards capping any meaningful near-term recovery for the cross.

Source : FX Street

RELATED NEWS

Dollar gives up post Fed gains, sterling hits two-month high
Friday, 20 September 2019 15:18 WIB

The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and risk appetites ebbed on caution about U.S-China trade talks. Sterling hit a two-month high of $1.2566 against the greenback, after European Commission ...

Dollar erases post-Fed bounce, sterling up on Brexit deal hopes
Friday, 20 September 2019 08:24 WIB

The dollar nursed losses against most major currencies on Friday, as central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, while risk appetite ebbed on caution about U.S-China trade talks. Sterling hit a two-month high of $1.2560 against the greenbac...

Yen Rises against Dollar After BOJ Holds
Thursday, 19 September 2019 15:17 WIB

The yen rose from a seven week low against the U.S. dollar on Thursday after the Bank of Japan kept monetary policy on hold, in the wake of the Federal Reserve™s overnight decision to cut rates. The dollar was down 0.44% to 107.95 yen by 2:32 AM ET (6:32 GMT) after the BoJ kept policy on hold, as...

Dollar rallies as cautious Fed clouds rate-cut outlook
Thursday, 19 September 2019 08:22 WIB

The dollar stood tall on Thursday after the U.S. Federal Reserve cut rates by 25 basis points, as expected, but its chairman signalled a higher bar for future rate cuts. The greenback touched a seven-week high of 108.47 against the Japanese yen and stood just below that in Asian morning trade. It a...

Sterling edges back from six-week high, BoE in focus
Wednesday, 18 September 2019 15:51 WIB

Sterling edged lower on Wednesday after climbing to a new six-week high on hopes for a last-minute Brexit deal, while investors turned their attention to the Bank of England meeting on Thursday. The pound fell 0.2% in early European trade to $1.2476, but that followed a decent gain on Tuesday to $1...

POPULAR NEWS
Saturday, 21 September 2019 03:33
Hong Kong Stocks Close Down
Friday, 20 September 2019 01:13
Gold Marks First Loss in 4 Sessions
Saturday, 21 September 2019 03:27
Wall Street Falls as Trade Optimism Fizzles
Friday, 20 September 2019 03:36
Hong Kong Stocks End With Fresh Losses
ANOTHER NEWS
Hong Kong Stocks Close Down
Saturday, 21 September 2019 03:33 WIB Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 33.28 points, to 26,435.67. The benchmark...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.