GBP/JPY struggles around 166.50, upside remains favored ahead of UK Inflation – by Sagar_Dua24 GBPJPY BOE BOJ Inflation Employment
itical support of 166.00. The pair didn’t display a decent response to the release of the UK employment data on Tuesday.
The UK Office for National Statistics reported an increment in the number of jobless benefits claims by 6.3k against the expectations of a decline by 9.2k. While the Unemployment Rate scaled down to 3.6% in relation to the forecasts and the prior release of 3.8%.The catalyst which delighted the households and theThe UK labor cost index has improved dramatically to 5.2% vs. the estimates of 5% and the prior release of 4.7%.
Meanwhile, yen bulls are focusing on the Industrial Production data, which is seen steady at -1.8% on an annual basis. The Japanese administration is worried over the sheer depreciation of yen. Japanese Deputy Chief Cabinet Secretary Seiji Kihara urges the country’s government to take necessary steps to counter excessive declines in the yen.
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 attempts a break above 167.00 ahead of UK employment dataThe GBP/JPY pair has moved higher after displaying topsy-turvy moves in a 166.50-166.90 range as the market participants have shifted to the sidelines
Read more »
GBP/JPY Price Analysis: Further upside hinges on 166.30 breakout, UK dataGBP/JPY Price Analysis: Further upside hinges on 166.30 breakout, UK data – by anilpanchal7 GBPJPY Technical Analysis TrendFollowing ChartPatterns SupportResistance
Read more »
USD/JPY oversteps 143.00, more upside seems favored on hawkish Fed betsThe USD/JPY pair has advanced sharply after a little shaky opening and is hovering around 143.00 in the Asian session. The asset is expected to advanc
Read more »
USD/JPY bears take over and move in a critical support levelUSD/JPY is lower on the day as the US dollar comes under pressure ahead of the US inflation data that will be released later today in the New York ses
Read more »
USD/JPY Price Analysis: Marches firmly towards 144.40 after elevated US CPIThe USD/JPY rallied after the US Department of Labor reported that inflation was decelerating but exceeding estimations, catching off USD/JPY traders
Read more »
GBP/USD oscillates below 1.1500 ahead of UK InflationThe GBP/USD pair is displaying back-and-forth moves below the psychological support of 1.1500 from the late New York session. The pair witnessed an in
Read more »