7 Aug 2015
GBP/JPY falls to 1-week lows as pound tumbles
FXStreet (Córdoba) - GBP/JPY was trading steady but turned to the downside after the US employment report. During the last hours it accelerated the decline as the pound resumed the slide across the board; yesterday it tumbled after Bank of England minutes.
The pair recently broke below the 193.00 that offer support during the last four days and dropped quickly to 192.25, reaching the lowest level since July 28. Currently it trades at 192.30/40, 130 pips below the level it had at the beginning of the day.
GBP remains weak
While most currencies are recovering ground against the US dollar, and printed fresh highs during the last hour, GBP/USD remains near the bottom trading around 1.5450/60, at 1-month lows. USD/JPY is testing daily lows at 124.30/40 after being rejected from levels on top of 125.00.
The pair recently broke below the 193.00 that offer support during the last four days and dropped quickly to 192.25, reaching the lowest level since July 28. Currently it trades at 192.30/40, 130 pips below the level it had at the beginning of the day.
GBP remains weak
While most currencies are recovering ground against the US dollar, and printed fresh highs during the last hour, GBP/USD remains near the bottom trading around 1.5450/60, at 1-month lows. USD/JPY is testing daily lows at 124.30/40 after being rejected from levels on top of 125.00.