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GBPJPY

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Reuters - 2 days ago

U.S. outlook now key for JPY, regardless of BoJ policy

BUZZ-COMMENT-U.S. outlook now key for JPY, regardless of BoJ policy Aug 12 (Reuters) - Global factors appear to be having a greater influence on USD/JPY than the Bank of Japan and its policy outlook. U.S. yields and oil could therefore have a greater impact over the coming year, regardless of whether the BoJ hikes another 25 bps, or 75 bps. A recent research note from Danske Bank expects the BoJ policy rate to reach 1% within the coming 12 months.
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Reuters - 5 days ago

Technical stars are aligning for sterling

BUZZ-COMMENT-Technical stars are aligning for sterling Aug 9 (Reuters) - A broader based recovery is on the cards for sterling as charts warn of a bullish direction change. The daily and weekly GBP/USD, EUR/GBP and GBP/JPY charts are showing potential for sterling gains following a four/five-week period of weakness. For GBP/USD back-to-back long lower weekly candle shadows and a bounce off the weekly kijun line, 1.2672, tie in nicely with a bullish engulfing line on the daily chart.
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Reuters - 5 days ago

Sterling on track for fourth week of decline versus dollar

Sterling on track for fourth week of decline versus dollar Aug 9 (Reuters) - The British pound steadied against the dollar on Friday but was set for its fourth consecutive week of declines, as investors weighed the prospect of more interest rate cuts from the Bank of England (BoE) amid concerns about slowing global growth. Sterling GBP=D3 was flat against the dollar at $1.2754. It fell to a more than five-week low of $1.2666 on Thursday but closed up 0.5% as the dollar side of the currency pair
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Reuters - 1 week ago

Sterling rebounds from five-week low and rallies against yen

Sterling rebounds from five-week low and rallies against yen By Harry Robertson LONDON, Aug 7 (Reuters) - The pound rose on Wednesday after falling to a five-week low the previous day, and climbed sharply against the yen after a Bank of Japan official played down the chances near-term rate hikes. Sterling GBP=D3 was last up 0.27% at $1.2726 after falling to $1.2674 on Tuesday, the lowest since the start of July.
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Reuters - 2 weeks ago

Sterling might just ride out this storm

BUZZ-COMMENT-Sterling might just ride out this storm Aug 2 (Reuters) - A 2.5% fall in the pound versus the dollar since a July 17 peak of 1.3044 and a drop to 1.2708 following the Bank of England's rate cut have opened cracks in the longer-term charts, but an improving fundamental backdrop might allow sterling to breathe again. The speed and magnitude of the Thursday-Friday drop argues the case for an adjustment higher and despite risk aversion headwinds, heavy GBP/JPY, and uncertainty ahead of
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Reuters - 2 weeks ago

US recap: EUR/USD slips as dollar gains in edgy market

BUZZ-COMMENT-US recap: EUR/USD slips as dollar gains in edgy market USD/JPY bears maintain upper hand ahead of NFP AUD/USD -Downward shift in risk gives bears the advantage Aug 1 (Reuters) - The dollar index rose on Thursday as the market took on a slight safe-haven tone following dismal U.S. data and events in the Middle East this week that have heightened risks of a broader conflict, while investors also digested a BoE rate cut.
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Reuters - 2 weeks ago

USD/JPY and non-farm payrolls warnings from FX options market

BUZZ-COMMENT-USD/JPY and non-farm payrolls warnings from FX options market Aug 1 (Reuters) - The magnitude of the post-BoJ JPY gains caught many off guard on Wednesday, while subsequent price action in FX options showed a market still fearful of JPY related volatility and gains, especially over Friday's U.S. total non-farm payrolls (NFP) data. Shorter-dated expiry options tend to react most to short term FX realised volatility and general risk sentiment.
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Reuters - 2 weeks ago

Split BoE is GBP volatility trigger, options on high alert

BUZZ-COMMENT-Split BoE is GBP volatility trigger, options on high alert Aug 1 (Reuters) - Markets are undecided whether the Bank of England will hold, or cut rates by 25bps on Thursday, raising the potential for GBP volatility which has put the FX options market on high alert. The FX volatility upon which FX options thrive is an unknown, yet key parameter of their premium, so dealers use implied volatility - their best guess.
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Reuters - 2 weeks ago

US recap: EUR/USD firm after Fed, BoJ-boosted yen still biggest mover

BUZZ-COMMENT-US recap: EUR/USD firm after Fed, BoJ-boosted yen still biggest mover USD/JPY bears in control , Powell tees up Sept cut AUD/USD -Shorts cede some ground but still in charge after the Fed July 31 (Reuters) - The dollar index fell on Wednesday as the Fed held rates steady as expected but signaled the potential for a September cut, though the market's reaction to the BoJ remained the dominant mover on the day.
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Reuters - 2 weeks ago

Sterling shrugs off GBP/JPY dip, steadies pre-Fed, BoE rate decisions

BUZZ-COMMENT-Sterling shrugs off GBP/JPY dip, steadies pre-Fed, BoE rate decisions GBP/USD held steady near 1.2840 in early NorAm trading, shrugging off post-BoJ volatility in GBP/JPY, as traders awaited the Fed later in the day followed by Thursday's BoE rate decision, with the degree of dovishness by both central banks likely to tip the balance for sterling.
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Reuters - 2 weeks ago

US recap: Yen in focus as reports spur hike talk

BUZZ-COMMENT-US recap: Yen in focus as reports spur hike talk Yen may be at risk of being sold on the rate hike fact AUD/USD-Shorts hold the advantage ahead of ADP, Fed meeting July 30 (Reuters) - The dollar index was steady to lower on Tuesday as losses against the yen offset gains versus other currencies following reports that appeared to heighten the risk that the BoJ could increase interest rates this week.
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Reuters - 2 weeks ago

BoJ threat raises JPY volatility risk to 2024 high

BUZZ-COMMENT-BoJ threat raises JPY volatility risk to 2024 high July 30 (Reuters) - The FX volatility upon which FX options thrive is an unknown, yet key part of their premium, so dealers use implied volatility as a stand-in. Current levels of implied volatility suggest that Wednesday's Bank of Japan policy announcement poses the biggest threat to short term JPY-related volatility this year.
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Reuters - 3 weeks ago

US recap: EUR/USD holds firm, undamaged by US PCE

BUZZ-COMMENT-US recap: EUR/USD holds firm, undamaged by US PCE USD/JPY -Calm after the carry unwind storm AUD/USD -Longs stand their ground after US data July 26 (Reuters) - The dollar slipped lower against most other major currencies on Friday after U.S. PCE inflation data failed to derail expectations that the Fed will cut rates by September and potentially ease three times this year.
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Reuters - 3 weeks ago

Sterling steady after key PCE data awaiting Fed, BoE policy clues

BUZZ-COMMENT-Sterling steady after key PCE data awaiting Fed, BoE policy clues GBP/USD held onto slight gains on Friday after U.S. PCE data did little to change Fed policy expectations, putting market focus back on the BoE and the potential for an August rate cut that could damage the pound. Cable was up +0.14% at 1.2865, helped by the fall in U.S.
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Reuters - 3 weeks ago

USD/JPY still risks this correction breaking 150.00

BUZZ-COMMENT-USD/JPY still risks this correction breaking 150.00 July 25 (Reuters) - A well timed bout of USD/JPY interventions (as a U.S. easing cycle begins) has been fuelled by the paring of short JPY positions and has raised the probability of a 150.00 break/extension. The market was holding the biggest JPY short position in many years and despite USD/JPY already falling 10 big figures from its new multi decade high at 161.96 on 3 July, there should be plenty more shorts to offload.
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Reuters - 3 weeks ago

Sterling set for a bull month but warnings given

BUZZ-COMMENT-Sterling set for a bull month but warnings given July 26 (Reuters) - A positive July is on the cards for sterling versus the dollar but significant developments in the Japanese Yen have taken their toll on the pound and cracks are appearing in the GBP/USD up-trend as a result. GBP/USD started July on the front foot at levels around 1.2648, reached a new high for the year at 1.3044 by July 17 and looked good for further gains.
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Reuters - 3 weeks ago

US recap: EUR/USD buoyed as market takes a breather before PCE

BUZZ-COMMENT-US recap: EUR/USD buoyed as market takes a breather before PCE USD/JPY -Backing away from the extremes AUD/USD -Bears cede some ground on post-data risk improvement July 25 (Reuters) - The dollar index eased slightly in a mixed session on Thursday, with the U.S. currency failing to derive broad and lasting support from above-forecast U.S.
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Reuters - 3 weeks ago

Yen jumps as carry trades unwind, risk mood sours

FOREX-Yen jumps as carry trades unwind, risk mood sours Updates prices at 0320 GMT By Rae Wee SINGAPORE, July 25 (Reuters) - The yen rose to its strongest level against the dollar in 2-1/2 months on Thursday and scaled multi-month highs against other currencies ahead of next week's Bank of Japan (BOJ) meeting, as yen carry trades unwound and risk appetite soured.
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Reuters - 3 weeks ago

Sterling support at 1.29 bruised again, rebounds after mixed PMIs

BUZZ-COMMENT-Sterling support at 1.29 bruised again, rebounds after mixed PMIs GBP/USD rose on Wednesday, rebounding from an hours long test below 1.29 as it continued to fight off cross selling versus the yen, though the broader outlook remains supportive, based on relative BoE and Fed expectation. Sterling shook off the early doldrums with the help of UK PMI, which outshone the disappointing euro zone versions.
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Reuters - 3 weeks ago

Pound gains on euro after mixed activity data, tumbles on yen

Pound gains on euro after mixed activity data, tumbles on yen By Alun John LONDON, July 24 (Reuters) - Sterling gained on the euro on Wednesday after a survey showed British business activity this month was stronger than in euro zone economies, while it held steady on the dollar and tumbled against a rebounding Japanese yen. The euro was last down 0.1% on the pound at 84.04 pence EURGBP=D3 not far from its two year low of 83.84 pence hit earlier in July.
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