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GBP/JPY slides as stocks reverse earlier gains

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Stocks reversed gains on Tuesday afternoon after having rallied in the morning. The morning rally was largely due to investors’ hopes for more central bank stimulus after China posted its slowest economic growth in years. As global stocks pared gains, the Japanese yen, which had been losing traction due to the morning’s tentative stability in equities, began to rise in the afternoon as a risk-off sentiment took hold once again. Also on Tuesday, Bank of England (BoE) Governor Mark Carney

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