GBP/JPY ready to make a new high?...
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Holiday-thinned volumes may well be compounding price action, but the Yen is bearing the brunt of the aforementioned Pound continuation and yield/curve retracement, as GBP/JPY breaks the 152.00 level.
However, while Japan observes Showa Day, decent option expiries could keep the headline pair contained before Tokyo CPI, jobs and ip tomorrow given 1.9 bn and 1.3 bn rolling off at 153.00 respectively.
Holiday-thinned volumes may well be compounding price action, but the Yen is bearing the brunt of the aforementioned Pound continuation and yield/curve retracement, as GBP/JPY breaks the 152.00 level.
However, while Japan observes Showa Day, decent option expiries could keep the headline pair contained before Tokyo CPI, jobs and ip tomorrow given 1.9 bn and 1.3 bn rolling off at 153.00 respectively.
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