GBP/JPY, grounds crumbling; will 150 hold on?
FXstreet.com (Chicago) – GBO/JPY plunged to 2-week lows after heavy sell-off by market participants rushing to protect capital in case of international conflict triggered by last week’s Syrian attack to civilians.
Safe haven mentality?
US Secretary of State John Kerry stated the use of chemical weapons in last week’s civilian attack was “undeniable”. The US Department postponed urgent meeting with Russia to solve and take measures against the Syrian government after strong public declarations. The pair has declined 1.57%, erasing partially gains obtained throughout the past two weeks. The yen has strengthened as it is considered a safe haven currency …read more