GBP/JPY Weekly Analysis (week of 08-12/06)

United Kingdom Gross Domestic Product expected -22.3% (previous -5.7%) will be released tomorrow at 6:00 AM.

Weekly Summary

GBP/JPY slides down from 137.608002 to 134.22, taking a 338 pips loss (-2.46%)

United Kingdom Gross Domestic Product fall short of the -22.3% projections, with -24.5% and continued its downward trajectory from previous figure of -5.7%. New data for United Kingdom Trade Balance was released today at 6:00 AM comes out at -7.49B, beating projections of -11.62B and showing improvement over the preceding figure of -11.85B. United Kingdom RICS House Price Balance (May) fall short of the -24% projections, with -32% and continued its downward trajectory from previous figure of -22%.

United Kingdom Retail Sales is projected to out perform last figure with 5.8% while it previously stood at -18.1%, data will be released Friday 6:00 AM. According to projections United Kingdom Claimant Count Change (May) are set for a continuation of decline with 370.0K while previous data was 856.5K, data will be released Tuesday 6:00 AM.

Jun. 12, 2020

GBP/JPY is trading around 134.43 after starting the session at 134.54 (down -0.08%)

(20:00)

After starting the session at 134.54 GBP/JPY spiked to 136.03 only to drop back to starting point range and close at 134.43

United Kingdom Gross Domestic Product fall short of the -18.7% projections, with -20.4% and continued its downward trajectory from previous figure of -5.8%. New data for United Kingdom Trade Balance was released today at 6:00 AM comes out at -7.49B, beating projections of -11.62B and showing improvement over the preceding figure of -11.85B. Japan Money Supply fall short of the -9.1% projections, with -9.8% and continued its downward trajectory from previous figure of -3.7%. Data for United Kingdom CFTC was released today at 7:30 PM suggests a downwards trend with -24.0K, while previous data was -22.3K United Kingdom Construction Output fall short of the -25.0% projections, with -40.1% and continued its downward trajectory from previous figure of -5.9%.

Jun. 11, 2020

GBP/JPY is trading around 134.39 after starting the session at 136.52 (down -1.56%)

(23:00)

GBP/JPY remains in the 134.39 range after starting the session at 136.52 and dropping 213 pips

United Kingdom RICS House Price Balance (May) fall short of the -24% projections, with -32% and continued its downward trajectory from previous figure of -22%. Data for Japan BSI Large Manufacturing Conditions (Q2) was released Wednesday 11:50 PM suggests a downwards trend with -52.3, while previous data was -17.2 Data for United Kingdom Primary Consumer Sentiment Index was released today at 10:00 AM suggests a downwards trend with 40.7, while previous data was 42.3

United Kingdom Gross Domestic Product looks to be getting worse with an expected -22.3% while preceding figure was -5.7%, new data will be released tomorrow at 6:00 AM. United Kingdom Trade Balance is projected to out perform last figure with -11.62B while it previously stood at -12.51B, data will be released tomorrow at 6:00 AM.

Jun. 10, 2020

GBPJPY is trading around 136.25 after starting the session at 137.11 (down -0.63%)

(23:00)

GBPJPY slides down from 137.11 to 136.25, taking a 86 pips loss (-0.63%)

Japan Core Machinery Orders (MoM) (Apr) fall short of the -8.6% projections, with -12.0% and continued its downward trajectory from previous figure of -0.4%. Even though falling short of the projected -0.3%, Japan Producer Price Index released earlier shows an improvement to -0.4% from the preceding data of -1.6%. Japan Core Machinery Orders (YoY) (Apr) fall short of the -14.0% projections, with -17.7% and continued its downward trajectory from previous figure of -0.7%.

United Kingdom RICS House Price Balance (May) seems to be pointing downwards with an expected -24% while preceding figure was -21%, new data will be released today at 11:01 PM. Japan BSI Large Manufacturing Conditions (Q2) is scheduled for today at 11:50 PM.


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Jun. 9, 2020

GBPJPY is trading around 137.11 after starting the session at 137.91 (down -0.58%)

(22:01)

GBPJPY slides down from 137.91 to 137.11, taking a 79 pips loss (-0.58%)

United Kingdom Retail Sales released Monday 11:01 PM with a figure of 7.9%, this is better from previous number of 5.7% Japan Money Supply released Monday 11:50 PM with a figure of 1,856.1T, this is better from previous number of 1,843.1T Japan Economy Watchers Current Index (May) released Monday 5:00 AM with a figure of 15.5, this is better from previous number of 7.9

Expectations for United Kingdom RICS House Price Balance (May) are set for a continuation of decline with -24% while previous data was -21%, data will be released tomorrow at 11:01 PM. Japan BSI Large Manufacturing Conditions (Q2) is scheduled for tomorrow at 11:50 PM.

Jun. 8, 2020

GBPJPY goes back up to Feb, 28 levels, trading at 139.56

(14:00)

GBPJPY remains in the 138.25 range after starting the session at 137.37 and gaining 87 pips

Earlier - Even though falling short of the projected -2.1%, Japan Gross Domestic Product released earlier shows an improvement to -2.2% from the preceding data of -3.4%. Japan Current Account fall short of the 0.480T projections, with 0.263T and continued its downward trajectory from previous figure of 1.971T. Japan Bank Lending released Sunday 11:50 PM with a figure of 4.8%, this is better from previous number of 3.0%

Market looking ahead for -

United Kingdom Monetary Policy Committee is scheduled for tomorrow at 2:30 PM. United Kingdom Retail Sales is scheduled for today at 11:01 PM.

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