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14 May 2014
GBP/JPY falls to 1-month lows below 171.00
FXStreet (Córdoba) - The GBP/JPY is falling sharply on Wednesday and recently bottomed at 170.61, the lowest price since April 15. Afterwards bounced slightly but it was unable to rise above 171.00.
The Pound is among the worst performers across the board weakened after the release of the quarterly inflation report from the Bank of England and M. Carney press conference. On the other side, the Yen is having the best day of the week as Treasuries rise pushing US long term bond yields to 2014 lows.
GBP/JPY levels to watch
The pair is breaking an important support and finally moving away from 172.00. To the downside, below 170.60, the next support might be located at 170.00 and then 169.30/40 (April lows).
The Pound is among the worst performers across the board weakened after the release of the quarterly inflation report from the Bank of England and M. Carney press conference. On the other side, the Yen is having the best day of the week as Treasuries rise pushing US long term bond yields to 2014 lows.
GBP/JPY levels to watch
The pair is breaking an important support and finally moving away from 172.00. To the downside, below 170.60, the next support might be located at 170.00 and then 169.30/40 (April lows).