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EUR/JPY, GBP/JPY: Rate differentials matter, politics don’t

French political chaos grabs headlines, but EUR/JPY and GBP/JPY aren't flinching. Rate differentials are steering the ship. Are morning star patterns signalling a reversal? We break down setups cutting through the noise.

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December 5, 2024 09:25 AM

Crude Oil, GBPJPY Forecast: Ceasefire Potential, Trump Tariffs, and Inflation Rates

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.

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Japanese Yen Technical Outlook: USD/JPY, EUR/JPY, GBP/JPY

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.

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British Pound Technical Forecast: GBP/USD, GBP/JPY

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.

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Japanese Yen Technical Analysis: USD/JPY, EUR/JPY, GBP/JPY

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.

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November 15, 2024 07:03 AM
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EUR/JPY, GBP/JPY: Key levels with risks skewing to the downside

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.

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November 8, 2024 03:43 PM
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USD/JPY, EUR/JPY, GBP/JPY: Japanese Yen Technical Analysis

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.

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British Pound Forecast: GBP/USD, GBP/JPY

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.

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EUR/JPY, GBP/JPY Technical Forecast: Yen Crosses Look Poised for Bullish Breakouts

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.

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GBP/JPY, AUD/JPY: Carry trades flock to FX outperformers as hard landing risks recede

With market concerns surrounding a hard economic landing in the US diminishing, it has allowed Japanese yen carry trades to be reestablished, seeing capital flow towards parts of the world that are currently outperforming. The UK is one place that fits that bill, seeing GBP/JPY take out an important resistance level on the charts. Its breakout may act as a lead indicator for AUD/JPY.

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September 3, 2024 10:23 AM
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Japanese Yen Forecast: The EUR/JPY and GBP/JPY Moves that Could Kick the Carry Trade Unwind into Overdrive

The massive “yen carry trade” unwind was technically- and sentiment-driven, and could absolutely run further after pausing for a few weeks. EUR/JPY and GBP/JPY are in play.

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GBP/USD, GBP/JPY: UK CPI in focus after soft prints from NZ, CA

The UK's 1-month OIS suggests ~48% chance of a 25bp cut from the BOE next month, which means today's inflation report is likely a key driver for GBP/USD on monetary policy expectations.

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July 17, 2024 01:34 PM
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Japanese yen carry trades receive boost from Fed, US CPI: GBP/JPY, NZD/JPY setups

Soft US inflation and stability in the Fed interest rate outlook point to an ideal environment for renewed upside in Japanese yen FX crosses, assuming prevailing conditions don't shift meaningfully. GBP/JPY and NZD/JPY are two pairs on the radar.

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June 13, 2024 02:18 PM
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British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP

It was another strong week for the British Pound as Core CPI came out well-above the expectation, leading to a 1.2750 test in GBP/USD and a 200.00 test in GBP/JPY.

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AUD/USD rises into RBA, GBP/JPY, gold look set to bounce: Asian Open

Both gold and GBP/JPY are showing signs of stability around key support levels to suggest they could extend their bounce. But with AUD/USD rising for four days on anticipation of a hawkish RBA, whether AUD/USD can extend its rally beyond resistance is up for question.

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British Pound Forecast: GBP/USD, GBP/JPY, EUR/GBP

The Bank of England hosts a rate decision on Thursday and GBP/USD has pushed back-above the 1.2500 handle. GBP/JPY slid after touching the 200.00 mark for the first time since 2008, and EUR/GBP is showing bearish breakdown potential with two different technical formations.

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Japanese Yen Forecast: USD/JPY, EUR/JPY, and GBP/JPY in Play Ahead of BOJ

The long-awaited results from the Japan’s spring wage negotiations are winding down, and the results are generally what the BOJ wanted to see to exit its ultra-accommodative monetary policy. See the key levels to watch on USD/JPY, EUR/JPY, and GBP/JPY!

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GBP/USD, GBP/JPY forecast: Forward returns around the UK Budget

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.

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Japanese Yen Intervention Watch: USD/JPY, EUR/JPY, GBP/JPY Technical Analysis

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

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GBP/JPY: Eying bullish break to multi-year highs ahead of key economic reports

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.

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February 13, 2024 10:31 AM
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Japanese Yen Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY

Yen weakness has come rushing back in early-2024 trade, but U.S. and U.K. CPI could provide a jolt to FX trends in USD and GBP, which could produce some change in both USD/JPY and GBP/JPY.

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GBP/JPY teases 2015 high post BOJ, Crude oil eyes $77: European open

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.

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USD/JPY, GBP/JPY: Disinflation trend a headache for hawkish Bank of Japan

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.

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January 19, 2024 12:01 PM