26 Aug 2015
GBP/JPY tumbles approaching Monday’s lows
FXStreet (Córdoba) - The pound so far is the worst performer in the currency market of the last hours. GBP/JPY accelerated the decline below 186.00 and printed a fresh daily low at 184.09. Price approached Monday’s lows that lie at 183.17; that day the decline more than 400 pips in a few minutes and then rebounded.
GBP/JPY short lived recovery
The pair rose during the European session and remained in positive territory. It peaked at 188.10, but then lost strength and reversed. From the highs so far it has fallen almost 400 pips as the yen strengthened following William Dudley comments and while the pound turned sharply lower amid a decline in inflation expectations in the United Kingdom.
Currently it trades at 184.30/40, down 1.08% for the day, headed toward the lowest daily close since early May. The pound is posting the fifth decline in a row against the yen.
GBP/JPY short lived recovery
The pair rose during the European session and remained in positive territory. It peaked at 188.10, but then lost strength and reversed. From the highs so far it has fallen almost 400 pips as the yen strengthened following William Dudley comments and while the pound turned sharply lower amid a decline in inflation expectations in the United Kingdom.
Currently it trades at 184.30/40, down 1.08% for the day, headed toward the lowest daily close since early May. The pound is posting the fifth decline in a row against the yen.