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Traders should sell into the mid-week rebound in GBP/JPY because Sterling could be susceptible to any fresh weakness in global markets, which would also benefit the Yen, according to Spectra Markets’ Brent Donnelly.
August 8,2024
The Japanese yen slumped on Wednesday, lifting GBP/JPY from 2024 lows, after an influential policymaker said its July rally and recent global market volatility could prevent the Bank of Japan from raising interest rates again.
August 7,2024
The Japanese Yen could be on the cusp of a trend shift, helped by expectations that further Bank of Japan interest rate rises are on the way.
August 1,2024
The Japanese Yen can count on a more 'hawkish' Bank of Japan being in its corner.
July 31,2024
The Japanese Yen is at the core of current global FX action, and after days of significant appreciation, the question of how much further it can run is being asked.
July 26,2024
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