GBP/JPY Live News

This page provides live coverage and news analysis on the GBP/JPY currency pair

Aug. 6, 2020

Pound/Yen goes back up to February 28 levels, reaching 139.23

Live - Updated 21 minutes ago.

GBP/JPY rallied 64 pips (0.46%) deep into the session trading at 139.11.

This move comes while some more positive signs for Pound/Yen are out as United Kingdom Construction PMI (Jul) beats expectations of 57.0 with new data release of 58.1. This is also a step forward from the previous data of 55.3.

Despite this, other data released earlier might suggest a different path as United Kingdom Composite PMI fall short of the 57.1 projections, with 57.0 and continued its downward trajectory from previous figure of 47.7. Japan Services PMI fall short of the 45.2 projections, with 45.4 and continued its downward trajectory from previous figure of 45.0.

A look at other markets shows behavior that usually indicate a green move for Pound/Yen as British Pound is trading around 1.32 after starting the session at 1.308 (up 0.92%).

In the meantime, interesting moves noted when With no major change Euro/Pound is trading around 0.9.

Aug. 5, 2020

Pound/Yen is trading around 138.45 after starting the day at 138.11 (up 0.25%)

(22:00) GMT

After starting the session at 138.11 GBP/JPY spiked to 138.57, dropped back to starting point range, and rallied again to 138.45.

Despite this, other data released earlier might suggest a different path as United Kingdom Composite PMI fall short of the 57.1 projections, with 57.0 and continued its downward trajectory from previous figure of 47.7. Japan Services PMI fall short of the 45.2 projections, with 45.4 and continued its downward trajectory from previous figure of 45.0. Data for Japan 10-Year JGB Auction was released Tuesday 3:35 AM suggests a downwards trend with 0.018%, while previous data was 0.058%.

A look at other markets shows behavior that usually indicate a green move for Pound/Yen as Pound/Dollar is trading around 1.31 after starting the session at 1.308 (up 0.15%).

In the meantime, interesting moves noted when With no major change Euro/Pound is trading around 0.9.

Aug. 4, 2020

Pound/Yen down by -50 pips. this is the largest single day drop since June 26

(22:00) GMT

GBP/JPY slides down from 138.54 to 138.04, taking a 50 pips loss (-0.36%).

This downslide might be related to financial indicators data published earlier as Data for Japan 10-Year JGB Auction was released today at 3:35 AM suggests a downwards trend with 0.018%, while previous data was 0.058%.

In contrast, positive data for Pound/Yen reported earlier when New data for Japan Tokyo Core CPI (YoY) (Jul) was released Monday 11:30 PM comes out at 0.4%, beating projections of 0.2% and showing improvement over the preceding figure of 0.2%. Japan CPI Tokyo Ex Food and Energy (MoM) (Jul) released Monday 11:30 PM with a figure of 0.2%, this is better from previous number of -0.2%.

Positive performance can be seen looking at other symbols as Pound/Dollar went up from 1.308 to 1.31 (0.15%, 20 pips).

At the same time, interesting moves noted elsewhere when With no major change Euro/Pound is trading around 0.9.


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Aug. 3, 2020

Stable day for Pound/Yen, trading around 138.47

(22:00) GMT

Hesitant but green: from an earlier low of 138.5, GBP/JPY up to 138.47 gaining 12 pips compared to the 138.34 start of the day (0.09%).

This limbo state for Pound/Yen is reflected by market data published as Japan Manufacturing PMI fall short of the 42.6 projections, with 45.2 and continued its downward trajectory from previous figure of 40.1. Japan GDP Price Index (YoY) released Sunday 11:50 PM with a figure of 0.9%, while the previous figure was 0.9%.

Meanwhile, mixed performance are seen elsewhere as Pound went up from 1.308 to 1.31 (0.15%, 20 pips). Nasdq went up from 10745.3 to 10902.797 (1.47%, 157.5 points).

Data to be released later might clear up some of the fog for Pound/Yen as Japan CPI Tokyo Ex Food and Energy (MoM) (Jul) set for today at 11:30 PM.

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