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Pound-Yen Outlook: Potent Bullish Pattern Forming

  • Written by Joaquin Monfort
  • Category: JPY

Yen exchange rates

Our technical studies suggest GBP/JPY is rising in bull flag pattern which is likely to break considerably higher; the steep climb through January from the 130.69 lows constitutes the ‘pole’ part of the flag whilst the consolidation during February is the ‘flag square’.

Read more: Pound-Yen Outlook: Potent Bullish Pattern Forming

GBP/JPY Rate to Rise Despite Yen Strength, Charts Suggest

  • Written by Joaquin Monfort
  • Category: JPY

The Pound-to-Yen rate remains biased toward the upside, Pound Sterling Live technical studies suggest, even in the face of an ongoing rally from undervalued lows by the Japanese currency. 

Read more: GBP/JPY Rate to Rise Despite Yen Strength, Charts Suggest

The Japanese Yen: USD/JPY and GBP/JPY Rise after BoJ Sees Inflation Target Moving Further Away

  • Written by James Skinner
  • Category: JPY

The Yen fell Wednesday after the Bank of Japan (BoJ) slashed its inflation forecasts for a fourth consecutive time, undermining the case for a withdrawal of monetary stimulus over the coming quarters and prompting traders to dump the currency by the bucket load. 

Read more: The Japanese Yen: USD/JPY and GBP/JPY Rise after BoJ Sees Inflation Target Moving Further Away