GBP/JPY — News Archive

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Japanese Yen Soft After Data Suggests Economy Weakens

The Japanese yen was generally soft today, though the currency has trimmed losses against some of its rivals by now and even managed to gain on the euro, which itself was very vulnerable. Domestic macroeconomic data, which demonstrated weakening economic activity in Japan, was unfavorable to the yen.

Yen Mixed Despite Shrinking Trade Deficit

The Japanese yen was mixed today, rising against some majors, such as the US dollar and the euro, but falling against commodity currencies as well as the Great Britain pound. The decline of global stocks and domestic macroeconomic data were supportive of the currency, but that was not enough to bolster the yen sufficiently.

Japanese Yen Mixed After Fitch Maintains Credit Rating

The Japanese yen was mixed today after Fitch Rating maintained Japan’s sovereign credit rating. The forecasts made by the agency were not all good, though.

Sterling Crashes to New 27-Month Lows on Hard Brexit Fears

The Sterling pound today fell to new 27-month lows against the US dollar as markets reacted to a poor UK jobs report and the uncertain British political environment. The GBP/USD currency pair was also adversely affected by comments from the two remaining Conservative Party candidates saying that the Irish backstop was dead.

Pound Reverses 3-Day Rally Amid Upbeat US Manufacturing Report

The British pound today fell against the US dollar reversing all of Friday’s gains amid a lack of any major releases from the UK docket. The GBP/USD currency pair fell due to the absence of catalysts to prop up the Sterling with the pair’s performance being driven largely by investor sentiment.

British Pound Extends Gains Following Carney’s Upbeat Speech

The Sterling pound today rallied higher against the US dollar following Mark Carney‘s speech at a press conference following the release of the UK’s financial stability report for July. The GBP/USD currency pair rallied higher driven by the greenback’s overall weakness as markets continue to price-in future rate cuts by the US Federal Reserve.

Pound Mixed After Slew of Economic Reports

The Great Britain pound was mixed today, falling against some rivals while rising versus others. Such behavior is not surprising, considering that Britain’s macroeconomic data released over the trading session was mixed as well. The sterling was trying to erase losses but currently is not successful.

US Dollar Rallies to 3-Week Highs as Fed Rate Cut Appears Unlikely

The US dollar today rallied to almost 3-week highs as market hopes for future rate cuts from the US Federal Reserve dissipated in the face of positive US jobs data. The greenback also benefitted from the uncertainty surrounding the US-China trade war that caused a significant sell-off in US equity markets and high demand for the dollar.

Yen Soft After Macro Releases, Comments from BoJ Official

The Japanese yen was soft versus the majority of its most-traded peers today. Domestic macroeconomic data was mixed and Bank of Japan officials were sending somewhat confusing signals about monetary policy in the future.

Sterling Weakest on Forex After String of Bad PMIs

The Great Britain pound was the weakest major currency on the Forex market today. The main reason for that was the string of bad PMI reports, which led to concerns that Britain’s economic growth slowed in the second quarter of 2019.

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