GBP/JPY Live News

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

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Nov. 27, 2020

Pound/Yen down 58 pips(-0.42%), trading around 138.63

(23:15) GMT

GBP/JPY slid down from 139.22 to 138.63, taking a 58 pip loss (-0.42%).

Meanwhile, Japan Tokyo Core CPI (YoY) (Nov) matches expectations with new data release of -0.7. This is a step backward from the previous data of -0.5. Data for Japan CPI Tokyo Ex Food and Energy (MoM) (Nov) was released on Thursday at 11:30 PM and suggests a downwards trend of 0.1, while previous data was 0.3.

Taking a wider perspective, performance of these other symbols usually suggests a setback for the pound/yen as the Euro/Pound is trading around 0.8984 after starting the session at 0.8916 (down 0.77%). Sterling dropped -0.32% (42 pips) to 1.3314.

The Pound/Yen is getting closer and is now only 69 pips from the support line at 137.59. Dipping below it might indicate further losses are ahead. At 138.38, pound/yen made an initial breakout below the 10 day Simple Moving Average. The upper Bollinger band is at 140.57 and the lower is 135.63. Overall, looking at all the technical indicators, it seems the Pound/Yen is neutral for the immediate future, with no clear-cut direction.

Nov. 26, 2020

Is it the end of Pound/Yen rally? after three days of gains, it is down 52 pips today

(22:15) GMT

Taking a wider perspective, performance of these other symbols usually suggests a setback for pound/yen as Sterling dropped -0.22% (29 pips) to 1.3353. The Euro/Pound is trading around 0.8917 after starting the session at 0.89 (down 0.18%).

Before this recent down turn, pound/yen got as close as 34 pips to the resistance line at 139.66, Crossing it might have suggested further gains are ahead. The upper Bollinger band was at 140.69, indicating a further downward move might be next. Overall, looking at all the technical indicators, it seems the pound/yen is likely to continue pointing down in the short term.

The market will be looking forward to the upcoming release of the following indicators: United Kingdom Nationwide HPI (MoM) is expected to come out at 0.2 when it's released tomorrow at 7:00 AM, This is a decline from the preceding data which was 0.8. Japan Tokyo Core CPI (YoY) (Nov) is expected to come out at -0.7 when it's released today at 11:30 PM, This is a decline from the preceding data which was -0.5. The United Kingdom Nationwide HPI (YoY) projected to outperform last figure with 5.9 while it previously stood at 5.8, data will be released tomorrow at 7:00 AM.

Nov. 25, 2020

Pound/Yen goes back up to Sep 7 levels, reaching 139.86

(22:15) GMT

Starting the session at 139.54, GBP/JPY rallied above 139.86 for the first time in 2 months, gaining 20 pips, and is now trading at 139.74.

The Pound/Yen nearest resistance level is too vague to call at the moment, nearest support level is at 137.38. The upper Bollinger band is at 140.61, indicating a negative correction might be next. Overall, looking at all the technical indicators, it seems a reverse of course in the short term might be next for the Pound/Yen

A look at other markets shows behavior that usually indicates a green move for the pound/yen as the Pound/Dollar made some headway from 1.3358 to 1.3378 (0.14%, 19 pips). The Singapore Dollar dropped to 1.3393 (24 pips).

In the meantime, EUR/NZD is down 47 pips from the beginning of the session and now trading around 1.7049. The Euro/Pound is trading around 0.8904.

The market is looking forward to Japan. Tokyo Core CPI (YoY) (Nov) is expected to come out at -0.7 when it's released tomorrow at 11:30 PM, This is a decline from the preceding data which was -0.5. Japan CPI Tokyo Ex Food and Energy (MoM) (Nov) is scheduled for tomorrow at 11:30 PM.

Nov. 24, 2020

After 2 months hiatus, Pound/Yen is back at 139.84 levels.

(22:15) GMT

After opening at 139.18, GBP/JPY reached 139.84, breaking a 2 month record. Later, it lost 33 pips and is now trading at 139.51.

The Pound/Yen green move comes while some more encouraging signs are out as the United Kingdom's Manufacturing PMI beat expectations of 53.3 with new data release of 55.2. This is also a step forward from the previous data of 53.3.

On the flip side, United Kingdom Services PMI published on Monday at 9:30 AM came out at 45.8, falling short of the 52.3 projections and continuing its decline from the previous 52.3 figure. The Data for United Kingdom Composite PMI released on Monday at 9:30 AM is better than expected with 47.4, but worse than the previous figure of 52.1.

Pound/Yen eyes resistance at 139.66 and is now only 10 pips away. Crossing it might suggest a continuation of a positive trend. The upper Bollinger band is at 140.35, indicating a negative correction might be next. Overall, looking at all the technical indicators, it seems the pound/yen is likely to reverse course and start pointing down in the short term.

A look at other markets shows behavior that usually indicates a green move for the pound/yen as the Singapore Dollar drops to 1.3415 (21 pips).

At the same time, Euro/Pound is trading around 0.89 (up 15 pips).

In the meantime, pound hit 1.338, highest rate in 2 months. The Canadian dollar is down 85 pips from the beginning of the session and now trading around 1.3081.

The market is looking forward to the United Kingdom's Autumn Budget, which is scheduled for tomorrow at 3:30 PM.

Nov. 23, 2020

Pound/Yen goes up to 139.15 up 116 pips

(22:15) GMT

The Pound/Yen green move comes while some more encouraging signs are out as the United Kingdom's Manufacturing PMI beat expectations of 53.3 with new data release of 55.2. This is also a step forward from the previous data of 53.3.

Meanwhile, United Kingdom Services PMI fell short of the 52.3 projections, at 45.8 and continued its downward trajectory from the previous figure of 52.3. The Data for the United Kingdom Composite PMI released today at 9:30 AM is better than expected at 47.4, but worse than the previous figure of 52.1.

A look at other markets shows behavior that usually indicates a green move for the pound/yen as Euro/Pound went down to 0.8886 (35 pips). The Pound made some headway from 1.3291 to 1.3324 (0.24%, 32 pips).

Pound/Yen eyes resistance at 139.66 and is now only 44 pips away. Crossing it might suggest a continuation of a positive trend.

The market is looking forward to the United Kingdom's Autumn Budget set for tomorrow at 4:00 PM. United Kingdom MPC Member Haskel's speech will be released tomorrow at 11:30 AM. Japan BoJ Governor Kuroda's speech is set for tomorrow at 12:05 PM.