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GBP/JPY holding above 166.00

FXstreet.com (London) – The Yen is on the back foot again.

With the BOJ easing aggressively already the prospect of additional easing is more likely to have an influence on the yen. Meanwhile, Sterling is performing well. Strategists at TD Securities note that Sterling is the top performing G10 currency this morning with a fairly solid UK GDP report keeping the currency well supported.

GBP/JPY Levels

The 20 DMA is 160.10, the 50 DMA is 158.70 and the 200 DMA is 52.30. RSI (14) reads 82.76. The 20 DMA is 163.00, the 50 DMA is 163.55 and the 200 DMA is …read more