Quantcast

GBP/JPY holding up fairly well after Wednesday’s rally – so far

FXstreet.com (Barcelona) – GBP/JPY is trickling lower Thursday after new headlines on Syria indicated the US would not – contrary to Wednesday reports – get UN approval prior to striking Syria.

GBP/JPY not showing same action as other Yen crosses

The combination of Governor Carney’s comments in front of Parliament and rumors that the US might note take quite as hard of a line versus Syria caused the GBP/JPY to rip higher after 12:00 GMT Wednesday. The cross rallied from 86.80 to 87.80 from 12:00 to 01:35 GMT. Since then, however, the cross gently drifted down to 87.59. …read more