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

Advertiser Disclaimer
Top8forexbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate.Prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Top8forexbrokers does not bear any responsibility for any trading losses you might incur as a result of using this data.
Top8forexbrokers or anyone involved with Top8forexbrokers will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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) GMT

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) GMT

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) GMT

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.

Jun. 9, 2020

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

(22:01) GMT

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) GMT

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.