GBPJPY

GBP/JPY remains weak near 195.50 after UK employment data

GBP/JPY remains weak near 195.50 after UK employment data

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GBP/JPY loses ground to around 195.65 in Tuesday’s early European session. UK Unemployment Rate rose to 4.6% in three months to April; Claimant Count Change came in at 33.1K in May. Hawkish BoJ expectations support the Japanese Yen and act as a headwind for the cross.  The GBP/JPY cross weakens to near 195.65 during the […]

Retraces from four-month high above 196.50

Retraces from four-month high above 196.50

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GBP/JPY retraces to near 194.45 from the four-month high of 196.50 as the Japanese Yen outperforms. BoJ’s Uchida expressed confidence in more interest rate hikes ahead. The UK economy is expected to have grown strongly by 0.6% in the January-March period. The GBP/JPY pair corrects to near 194.45 during European trading hours on Wednesday from

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