GBP/JPY falls to 1-month lows

FXStreet (Córdoba) - Cable opened the week with a bearish gap against the Yen and fell during the Asian session to 172.44, reaching the lowest price in a month. GBP/JPY stabilized above 172.50, rebounded and closed the gap.

The recovery from lows found resistance at 173.00 and the pair pulled back. During the last hours it has been moving sideways with a slightly bullish bias, but limited below 173.00.

The recovery of the GBP/USD, that is attempting to hold above 1.6100 was offset by the decline of USD/JPY to test 107.00, reaching a fresh 3-week low.