Previous close | 156.7200 |
Open | 156.7020 |
Bid | 156.6720 |
Day's range | 156.5200 - 156.9020 |
52-week range | 137.3150 - 159.9610 |
Ask | 156.6800 |
In this week’s Exness Market Outlook we dissect the GBPJPY’s precarious stance on the forex ice.
The US Dollar continues to look very strong against the yen, as the interest rate differential continues to be the biggest driver overall. Ultimately, this is a situation where you continue to get paid for hanging onto the long position.
The USD continues to rally against the lowly Japanese yen on Tuesday, as the market will eventually have to settle on what the Bank of Japan can, or more to the point, cannot do.