Pound Yen forecast page 9 - GBP JPY

Despite underwhelming inflation data from Tokyo this week, the British Pound to Japanese Yen (GBP/JPY) exchange rate has seen major losses this week and could be in for another week of losses if investors continue to return to the ‘safe-haven’ Japanese Yen. Last week saw GBP/JPY climb from 148.15 to 149.19 – but this week the pair...

On Wednesday, the Pound to Japanese Yen exchange rate fell from an opening level of 148.8958 to 146.9153. This Pound Sterling decline was mainly down to UK inflation rate data, which ended up disappointing traders and led to GBP losses against peers including the Yen. Month-on-month inflation rates rose in April, but both the base and...

UK Factory Growth & Brexit Negotiation Tumult Limits Pound (GBP) Exchange Rates The Pound Japanese Yen (GBP/JPY) exchange rate traded within a narrow band on Thursday with both currencies limited by poor domestic data releases from their respective nations. For the UK it was factory growth, with the latest purchasing managers’ index...

Japanese Yen (JPY) Exchange Rates Climb as BoJ Doubles Down on Approach to Stimulus The Pound Sterling Japanese Yen (GBP/JPY) exchange rate extended its fall on Friday as markets reacted to news that the Bank of Japan (BoJ) has reappointed Haruhiko Kuroda as Chief for another term, with Masazumi Wakatabe - a strong advocate for monetary...

Pound (GBP) Exchange Rates Fail to Capitalise on Hawkish Comments from BoE Vlieghe The Pound Japanese Yen (GBP/JPY) exchange rate floundered on Monday morning, continuing to struggle after recent soft Chinese inflation figures prompted renewed demand for the Japanese Yen. This ongoing surge prevented the Pound from actively capitalising...

Japan Nikkei Services PMI Inches Upward, JPY Exchange Rates Climb The Pound Japanese Yen (GBP/JPY) exchange rate tumbled on Monday as markets responded to unexpected growth within Japan’s service sector. The Nikkei Japan services Purchasing Managers’ Index (PMI) jumped to a reading of 51.9 in January, up from the previous period’s...

The Pound Japanese Yen (GBP JPY) exchange rate is trading in a wide range this morning as investors reflect on data released by both markets. Japanese Yen’s (JPY) Bolstered by Jump in Retail Sales The Japanese Yen was strengthened overnight on Wednesday with the release of some better than expected retail sales figures. According...

Concerns that the vital UK-EU Brexit trade talks may not begin until March 2018 have left the Pound unappealing on Friday and the British Pound to Japanese Yen exchange rate fell. The Yen has been benefitting from weaker US Dollar (USD) trade. Since opening the week at the level of 151.85, the GBP/JPY exchange rate has tumbled. On Friday,...

The Pound Sterling to Japanese Yen exchange rate is notching up strong gains today after dovishness from a Bank of Japan (BOJ) board member, even though UK construction data leaves much to be desired. GBP/JPY is now trending around 146.66. UK Construction PMI Hits 11-Month Low but GBP Strengthens Despite the presence of negative UK...

The Pound Japanese Yen (GBP JPY) fell to a new two week low this morning as it was undermined by comments from Bank of England (BoE) Deputy Governor Ben Broadbent. Uptick in UK Employment Not Enough to Offset Negative Monetary Policy Outlook After abstaining from commenting on monetary policy yesterday as he made a speech in Scotland...