(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.17% for the last 10 sessions. At 11:06 EST on Wednesday, 21 August, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR’s yearly highs and lows, it’s 2.902% up from its 52-week low and 1.585% down from its 52-week high.
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- Usd/jpy retreats over 50 pips from asian session peak, slides below mid-147.00s. According to FXStreet on Monday, 19 August, "The prevalent risk-on mood, bolstered by signs of easing fears of a recession in the US, undermines the safe-haven Japanese Yen (JPY) and lends some support to the USD/JPY pair amid a modest US Dollar (USD) uptick. ", "The USD/JPY pair struggles to capitalize on its modest Asian session uptick to the 148.00 mark and drops to a fresh daily low in the last hour. "
- According to FXStreet on Tuesday, 20 August, "The BoJ then surprised everyone by raising interest rates, while the Fed announced on the same day that it would cut rates in September, before a weak US jobs report two days later sent USD/JPY even lower.", "We therefore expect the JPY to weaken again and USD/JPY to strengthen over the course of next year."
- According to FXStreet on Tuesday, 20 August, "This resulted in a sharp unwind of yen carry trades, bringing USD/JPY down to as low as 142.", "Japan had intervened to support the JPY in April-May as well as July this year, and risks of intervention are heightened if USD/JPY is to trade above 150 again."
- According to FXStreet on Tuesday, 20 August, "For support levels, the USD/JPY pair might test the seven-month low of 141.69, which was reached on August 5. ", "On the upside, the USD/JPY pair could encounter immediate resistance around the nine-day Exponential Moving Average (EMA) at 147.41. "
- Usd/jpy edges lower near 146.00 on the weaker US dollar, hawkish boj. According to FXStreet on Tuesday, 20 August, "The USD/JPY pair trades in negative territory for the third consecutive day near 146.05 during the Asian trading hours on Tuesday. "
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