GBP/JPY Live News

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

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.
Sep. 29, 2022

Kicking off the session at 156.87, Pound-Yen currency pair peaks at 159

Live - Updated 38 minutes ago.

Pound-Yen goes up to 158.41 after dipping down to 155.61 earlier.

GBP/JPY made an initial breakout above its 5 day Simple Moving Average at 156.41, a potential indicator of a newly emerging bullish phase. Pound-Yen broke through the 156.86 resistance, climbing 154 pips above it.

Overall, looking at the technical analysis landscape, it seems Pound-Yen might continue pointing upwards in the short term.

A look at other currencies also shows bullish price action as GBP/NZD skyrockets 1.77% to trade around 1.9322. Having closed the previous session at 1.4821, GBP/CAD is up 1.55% today to currently trade at around 1.5051. EUR/NZD is up 1.04%.

Positive indicators for Pound-Yen are expected going forward as tomorrow at 06:00 UTC data for United Kingdom GDP will be released, with an expected decline to -0.1 from the preceding figure of 0.8. Tomorrow at 06:00 UTC data for United Kingdom GDP will be released, with an expected decline to 2.9% from the preceding figure of 8.7%.

Furthermore, the market is looking at today at 23:50 UTC data for Japan Industrial Production will be released, with an expected decline to 0.2% from the preceding figure of 0.8%.

Having set a peak of 168.29 around 3 months ago, Pound-Yen is now trading 6.78% below this level.

follow us:

Week to date

After ending yesterday at 158.41, Pound-Yen increases slightly to 158.41 (up 15,841 pips) .

Trading week at a glance - GBP/JPY is up to 158.41, after closing yesterday at zero. Overall, a 0% move or 15,841 pips this week. (Trade Pound-Yen with FXTM now).

Meanwhile, United Kingdom Manufacturing PMI released Friday with a figure of 48.5, while the previous figure was 47.3. United Kingdom Services PMI came out at 49.2, while a consensus of analysts was expecting 50. United Kingdom Composite PMI released Friday with a figure of 48.4, while the previous figure was 49.6. Fresh CFTC JPY speculative net positions data from Japan came out at -81,300. United Kingdom CFTC GBP speculative net positions released Friday with a figure of -54,800, while the previous figure was -68,100.

Outlook for rest of the week: Positive indicators for Pound-Yen are expected going forward as projections for United Kingdom GDP are set for a continuation of decline with -0.1 while previous data was 0.8; data will be released tomorrow at 06:00 UTC. United Kingdom GDP projected to come out at 2.9% — worse than previous data of 8.7%; data will be released tomorrow at 06:00 UTC.

Furthermore, the market is looking at United Kingdom Composite PMI figure is projected at 50.9. It previously stood at 48.4; data will be released Wednesday.