Previous close | 165.2340 |
Open | 165.2210 |
Bid | 162.4600 |
Day's range | 161.5500 - 165.3140 |
52-week range | 148.4700 - 168.7170 |
Ask | 162.4700 |
The British pound has pulled back a bit during the trading session on Thursday to test the ¥165 level, an area that has been important from time to time over the last couple of weeks.
The British pound has gone back and forth against the Japanese yen during the trading session on Wednesday, as we continue to attempt to build up enough momentum to go higher.
The British pound continues to grind higher against the Japanese yen due to the fact that the Bank of Japan is doing everything it can to drive down bond yields. As long as that’s the case, we should continue to go higher.