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GBP/JPY keeps afloat above lows but downside risk remains

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    At the recent height of global market volatility last week, the yen had been rising at a swift clip due to accelerating asset flows towards the perceived safety of the Japanese currency. At the same time, last week marked new long-term lows for the British pound against several other major currencies, including the euro, the US dollar, and the noted Japanese yen. Sterling had been dropping sharply within the past several weeks, partly due to speculation that the Bank of England’s intended rate

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