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20 May 2015
GBP/JPY testing 2015 highs
FXStreet (Córdoba) - The pound resumed the upside against the yen and managed to climb above 188.00. GBP/JPY is testing 2015 highs that lie around the 188.60 zone.
At the first attempt, the pair failed to break higher and pulled back. Currently trades at 188.25, up 110 pips for the day so far.
Yesterday the pair reached a weekly low at 185.95 but then bounce to the upside and today moved all day with an upside bias, hitting the strongest level since last Friday.
Between minutes
Traders are waiting the FOMC minutes, that will be release at 18:00 GMT and could spur volatility across the board. Earlier, during the European session, the Bank of England published the minutes of the latest Monetary Policy Committee meeting, which showed that two members were considering a rate hike.
At the first attempt, the pair failed to break higher and pulled back. Currently trades at 188.25, up 110 pips for the day so far.
Yesterday the pair reached a weekly low at 185.95 but then bounce to the upside and today moved all day with an upside bias, hitting the strongest level since last Friday.
Between minutes
Traders are waiting the FOMC minutes, that will be release at 18:00 GMT and could spur volatility across the board. Earlier, during the European session, the Bank of England published the minutes of the latest Monetary Policy Committee meeting, which showed that two members were considering a rate hike.