GBP JPY

Crude Oil, GBPJPY Forecast: The lingering effects of Trump-era policies continue to shape broader market trends. Expectations of war resolutions are pressuring oil prices into a neutral stance, while tariff policies are fueling volatility across the US dollar rally.

Yen weakness has hung around and USD/JPY and GBP/JPY both retain bullish appeal. But for those looking for Yen-strength, perhaps in anticipation of next month’s policy review from the BoJ, EUR/JPY could hold greater attraction.

It was a brutal week for the British Pound, with fresh four-month lows in Cable as GBP/JPY put in a late-week breakdown.

USD/JPY has continued to rally up to fresh three-month-highs, but EUR/JPY has started to build bearish structure. Meanwhile a bull pennant has formed in GBP/JPY.

EUR/JPY and GBP/JPY on sitting on shaky ground. Momentum’s fading, and risks are skewing to the downside as we enter a quieter macro week.

Yen-weakness has remained through Japanese general elections and both EUR/JPY and GBP/JPY have put in clean breakout moves from ascending triangle formations.

It’s been tough sledding for Cable so far in Q4, but bulls have started to show defense of a major psychological level. Meanwhile, GBP/JPY is holding on to a bullish breakout setup as we go into next week.

EUR/JPY and GBP/JPY traders have already priced in the current projected path of interest rates from the ECB, BOE, and BOJ, so the main market driver moving forward will be how those expectations evolve.

The UK spring budget is set to be released tomorrow. And if GBP/USD follows its general pattern around this budget, it could be in for a tough few days - starting from today.

USD/JPY is consolidating while EUR/JPY and GBP/JPY remain in healthy uptrends.

GBP/JPY is on the cusp of breaking to fresh multi-year highs ahead of key inflation and employment data from the United Kingdom and Japan, making this a pair to keep on the radar over the next 48 hours.

The US dollar and yen were the weakest FX majors during the Asian session, following reports of China stimulus and no change in policy from the BOJ. GBP/JPY has probed a key resistance level and crude oil shows the potential to extend yesterday's gains.

Disinflation is gripping Japan as seen in other advanced economies before it, underlining the difficulties facing the Bank of Japan (BOJ) in eradicating the deflationary mindset that has dogged the nation for decades.

GBP/JPY looks particularly strong, but both USD/JPY and EUR/JPY remain in clear bullish trends.

The Japanese yen has finally found some much needed support this week. It is all to do with the falls in global bond yields, and the unwinding of carry trades. US yields slumped earlier this week after US CPI fell more than expected, cementing expectations that the Fed (and other central banks) will no longer raise rates further

The big story this week has been on the inflation front, with CPI in the US and UK both falling faster than expected, cementing expectations that the Fed and other central banks will no longer raise rates further. With a couple of other key US economic pointers also coming in weaker this week, such as industrial production and jobless claims data, as well as a sharp drop in oil prices, this has led to speculation that the Fed may start cutting rates sooner than expected in 2024