British buyers of the Yen should wait a little longer to get a better rate if the chart of GBP/JPY doesn’t lie.
Read more: Pound v Japanese Yen Rate Forecast to Rise by Forex.com’s Razaqzada
More analysts have been flocking to the idea that USD/JPY is going to rise, but is it really such a hot prospect?
Read more: USD/JPY is in an Uptrend, Elliot Wave Theory Gives Answers as to Whether it can Continue
The Yen is losing ground against the Dollar again as financial markets embrace risky assets and eschew safety
Read more: USD/JPY Forecast to Rise as Rally in Risk Extends
The Japanese yen has, for decades, been considered the currency to plough into when the going gets tough in financial markets.
Read more: Why is Japan's Yen Losing its Safe-Haven Status?
EUR/JPY has broken below key levels which strongly suggest a continuation lower.
Read more: EUR/JPY Outlook Takes a Dive, More Losses Likely as Major Trendline Pierced