GBP/JPY is forecast to extend its established downtrend but a floor nearby at 2016 low could provide near-term relief.
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The Pound's downtrend against the Yen is still intact and because the trend trump's all other considerations the pair is biased to continue lower.
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The Pound-to-Yen rate was trading around 131.66 Tuesday after falling more than two percent so far this week and studies of the charts suggest the exchange rate will probably continue its downtrend…
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The Pound-to-Yen exchange rate is trading at around 134.63 at the time of writing, after falling almost 0.75% in the previous week, and studies of the charts suggest the exchange rate will probably…
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The Yen is probably going to get stronger as global uncertainty persists, says QCAM Currency Asset Management AG.
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