Sterling clambers up as Yen capitulates on JGB purchasing cut. Risk appetite remains limited, GBP bulls to end the week cautious. The Sterling is back to flat against the Yen ahead of the European market session, trading near 144.75. The GBP/JPY spiked higher in the Asia session after the Bank of Japan (BoJ) cut there purchases of 5-10 year maturity Japanese bonds, forcing the Yen down across the board, albeit briefly. The Sterling lifted to 145.05 against the Yen before bedding back down near where Friday started. The upcoming London window sees only Markit Manufacturing PMIs for May (forecast 53.5, prev. 53.9) on the docket at 08:30 GMT. GBP/JPY levels to watch With the pair extending a bullish correction from yesterday’s low near 144.15, near-term resistance can be found at Friday’s current high of 145.05, with Thursday’s high of 145.30 resting just beyond that, while a bearish continuation will see further support from May’s low near 143.20. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold: Falling trendline and $1,300 is a magnet FX Street 5 years Sterling clambers up as Yen capitulates on JGB purchasing cut. Risk appetite remains limited, GBP bulls to end the week cautious. The Sterling is back to flat against the Yen ahead of the European market session, trading near 144.75. The GBP/JPY spiked higher in the Asia session after the Bank of Japan (BoJ) cut there purchases of 5-10 year maturity Japanese bonds, forcing the Yen down across the board, albeit briefly. The Sterling lifted to 145.05 against the Yen before bedding back down near where Friday started. The upcoming London window sees only Markit Manufacturing PMIs for May (forecast 53.5,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
