GBP/JPY extends losses in the third trading session, trading lower around 181.40 during the European session on Thursday. The pair receives downward p
GBP/JPY continues the losing streak on market caution regarding the BoE interest rate trajectory. Japan’s Trade Balance increased to ¥62.4B surplus from negative ¥937.8B previously. UK revealed a resilient headline CPI at 6.7%, defying expectations of a decrease to 6.6%. ressure on Japan’s Merchandise Trade Balance Total, showing a positive balance of ¥62.4B for September. The data was expected to report a negative figure of ¥425B, which was negative ¥937.
However, the report highlights that exports and output in many regions remain relatively stagnant. This week, Japan's top financial diplomat, Masato Kanda, noted that the Japanese Yen continues to be viewed as a safe-haven asset, benefiting from safe-haven flows due to geopolitical tensions in the Middle East.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/JPY Price Analysis: Tuesday plunge into 181.00 proves short-livedThe GBP/JPY kicked off Tuesday trading near 182.66 before seeing a plunge lower, just missing the 181.00 handle before a quick snap rebound sent the p
Read more »
GBP/JPY Price Analysis: Lingers near Ichimoku-Cloud base, as bears eye 181.00The GBP/JPY consolidates inside the Ichimoku Cloud (Kumo), registering modest losses of 0.25% after failing to crack the previous weekly high of 182.8
Read more »
Japanese Yen Price Action Setups: USD/JPY, GBP/JPY UpdateThe Yen experienced a brief period of strength on news the BoJ is expected to upgrade their inflation forecasts. How much longer can the BoJ threaten FX Intervention before the message loses effectiveness?
Read more »
European stocks cautious as traders track earnings, inflation dataEuropean markets were slightly lower on Wednesday as traders monitored corporate earnings and developments in the Middle East, along with key inflation data.
Read more »
Europeans love the Chinese EVs that the European Union is fightingChinese automakers are winning over drivers as they make major inroads into Europe’s electric vehicle market
Read more »