The GBP/JPY cross retreats a few pips after touching a one-week high, around the 199.55 region during the Asian session on Thursday, albeit it lacks follow-through selling.
GBP/JPY seesaws between tepid gains/minor losses as traders keenly await the BoE policy decision. Fears of a possible government intervention offer support to the JPY and caps the upside for the cross. The BoJ rate-hike uncertainty, along with the risk-on environment, keeps a lid on the safe-haven JPY. Spot prices currently trade just above the 199.
Japan's chief cabinet secretary Yoshimasa Hayashi reiterated on Wednesday that the government intended to closely watch moves in the FX market, including speculative moves, with a higher sense of urgency. Adding to this, Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top FX official, said on Thursday that the government is ready to take appropriate actions for excess FX moves if necessary.
BOE Riskappetite BOJ Currencies
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/JPY holds above 199.00, remains close to multi-month top ahead of UK budgetThe GBP/JPY cross edges lower during the Asian session on Wednesday and erodes a part of the previous day's gains to over a three-month peak, around the 199.70 region.
Read more »
Eagles left in awe after Saquon Barkley's insane hurdle vs. JaguarsSaquon Barkley had 199 scrimmage yards against the Jaguars and left his teammates nearly speechless.
Read more »
GBP/JPY climbs back into positive territory after Japanese wage data misses estimatesGBP/JPY climbs back into positive territory just above 194.00 on Tuesday, as the Pound Sterling (GBP) makes a mild recovery against the Japanese Yen (JPY) which depreciates after the release of lower-than-expected Japanese wage data for August.
Read more »
EUR/JPY, GBP/JPY: Yen Crosses Look Poised for Bullish BreakoutsForex Analysis by Matthew Weller covering: US Dollar Japanese Yen, Euro Japanese Yen, British Pound Japanese Yen. Read Matthew Weller's latest article on Investing.com
Read more »
GBP/JPY extends gains to near 196.00 following solid UK Retail Sales dataGBP/JPY continues to rise for the second consecutive day, trading around 195.90 during the Asian session.
Read more »
GBP/JPY Price Forecast: Right-angle Triangle poised to breakout higherGBP/JPY has formed a right-angle triangle which indicates a breakout higher is likely.
Read more »