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16 Sep 2015
GBP/JPY jumps and rises above 187.00
FXStreet (Córdoba) - GBP/JPY extended gains and is now trading 250 pips above the level it closed yesterday. The pound rallied across the board boosted initially by United Kingdom employment numbers and then showed resilience with the statement of Carney and other Bank of England officials at the Treasury.
GBP/JPY approaching September highs
On Asian hours the pair dropped toward yesterday’s lows that lie at 184.20. It started to rally with UK economic data rising first above 185.00 and then 186.00. The rally took a pause after hitting 186.50, but then resumed the upside and jumped to 187.11, hitting the highest level since last Thursday.
Currently is hovering around 186.95/98, as the US dollar continues to slide in the market and while commodity rise. GBP/USD is trading at 3-week highs above 1.5500 while USD/JPY remains around 120.50.
GBP/JPY has approached September highs that lie at 187.30/35. But during the current month it was unable to post a daily close above 187.00.
GBP/JPY approaching September highs
On Asian hours the pair dropped toward yesterday’s lows that lie at 184.20. It started to rally with UK economic data rising first above 185.00 and then 186.00. The rally took a pause after hitting 186.50, but then resumed the upside and jumped to 187.11, hitting the highest level since last Thursday.
Currently is hovering around 186.95/98, as the US dollar continues to slide in the market and while commodity rise. GBP/USD is trading at 3-week highs above 1.5500 while USD/JPY remains around 120.50.
GBP/JPY has approached September highs that lie at 187.30/35. But during the current month it was unable to post a daily close above 187.00.