Pound Yen forecast - GBP JPY

The Bank of Japan’s gung-ho attitude towards its monetary policy during the past nine months has had a considerable effect on the relative levels of the Japanese Yen as well as several of the other sixteen most-actively traded global currencies. Last night’s Asian session re-enforced the important role which the Bank of Japan plays in...

Poor UK data releases marred this morning’s session for the Pound Sterling. A weaker than anticipated print for the latest British Construction Output data ensured that the Pound started the session under pressure. The key gauge of activity in Britain’s building sector showed a year-on-year drop off in activity of a greater than...

The major mover in the global currency markets during yesterday’s session in the global currency markets was once again the Japanese Yen. There was a time in the recent past that the Yen was considered a reserve currency – an asset which institutional investors flocked to during times of crisis. In many ways, the Japanese tender resembled...

The Pound to Euro exchange rate (currency : GBP EUR) has crept higher during today’s session in the global currency markets. The move upwards towards 1.1800 was initiated by this morning’s Halifax House Price survey, which showed that UK property prices have continued to edge higher during the first three months of 2013. The survey showed...

The Pound endured yet another horror session against the euro yesterday. Price action for the pair during the early part of the day was played out in front of the backdrop of yesterday afternoon’s fast-impending face-to-face between European Central Bank President Mario Draghi and under-pressure Spanish Prime Minister Mariano Rajoy. The...

Yesterday brought a strange day for global equities; in spite of positive news overnight from Japan, where the country’s new administration revealed that it is set to adopt an ultra-loose ‘go-for-growth’ economic policy, the world’s leading share indices struggled to break into positive territory. London’s FTSE 100 closed marginally...

Currency roundup: Euro soars as Yen plummets The Euro has strengthened close to a 10-month high against the US Dollar after Spain’s borrowing costs fell during a €4.5 billion sale of government bonds boosting confidence in the European debt markets. As a result the single currency strengthened against all 16 of its major peers...

Japan’s recently-elected Prime Minister Shinzo Abe issued a statement of intent last night when his new government announced that it will be injecting a mammoth 10.3 trillion Yen of new credit into the nation’s ailing economy in an attempt to spur domestic economic growth. Japan’s policymakers have estimated that the package, which...

The Bank of Japan announced during last night’s Asian session that it is set to throw the proverbial kitchen sink at its flagging economy in an effort to increase activity levels. The Japanese central bank has revealed within the last four hours that it is to add a whopping Y10tn to its existing asset purchase scheme in order to promote the...

The early part of this week’s session has brought the release of a mixed bag of data from Asia’s two leading economies. Chinese Industrial Production and Retail Sales data, released on Sunday, provided room for optimism, revealing that factory output and shop sales had increased at an accelerated rate last month. However, the positive...