Thread: Usdjpy

GBPUSD:
The inflation report upgrade last week seemed to be the signal the market wanted as the GBP is now seemingly leading. A break of the level 1.6210 would be a key technical development for further GBP bullish movement. Till the level 0.6281.
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The Japanese Yen advanced on the back of safe-haven demand as the Nikkei 225 declined. The benchmark stock index closed down 0.25 percent. Export-oriented sectors and financials bore the brunt of the selloff.
The 0.2 percent slip from USDJPY symbolically left the pair a pip below 100-mark
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the pair showing positive movement this week, good for making short trades...