GBP/JPY is currently trading at 134.54 between a low of 133.97 and 134.55, on the bid and adding some 0.27% at the time of writing. The yen crosses are bid in Asia and the currency is weakening against the dollar. There is little rhyme nor reason to the move in the Japanese currency, for the trajectory is in stark contrast to the weekend headlines pertaining to the spread of the coronavirus internationally. More on that here: What you need to know for the open: Summer lull or a COVID-19 tidal wave of panic-vol? As for the nation’s own issues, there are addressed in here while the nations seek to relax lockdown measures: Japanese Economy Minister Nishimura: To consult with experts on relaxing restrictions on July 10 Meanwhile, the UK-EU trade negotiations have been showing a little progress. Markets are hoping for a breakthrough this week, but there is very little sign that there can be much in the way of significant progress in order to alleviate some of the pressures on the pound. Traders will be looking to the summer economic update from Chancellor Rishi Sunak this week, but tax cuts are not likely. What markets will be on the lookout for the measures to help cushion the rise in coronavirus unemployment. The govt has said it will not extend the furlough programme past October, but it may introduce measures to encourage hiring young people in particular. On taxes, there may be targeted VAT cuts, but no sweeping cuts overall, analysts at TD Securities explained. ‘Not out of the woods yet’ Meanwhile, the long-anticipated re-opening of England’s hospitality sector and other service-related businesses on July 4 has boosted some optimism among the public, but it was accompanied by a somber warning from PM Johnson that the country is ‘not out of the woods yet’. His remarks are aimed at taming the public’s behaviours in view of the ongoing pandemic. The re-opening should help staunch the wounds of hundreds of businesses. However, the results of several recently published surveys on the UK economy provide grim reading. GBP/JPY levels 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 AUD/NZD Price Analysis: Eyes head-and-shoulders neckline support FX Street 3 years GBP/JPY is currently trading at 134.54 between a low of 133.97 and 134.55, on the bid and adding some 0.27% at the time of writing. The yen crosses are bid in Asia and the currency is weakening against the dollar. There is little rhyme nor reason to the move in the Japanese currency, for the trajectory is in stark contrast to the weekend headlines pertaining to the spread of the coronavirus internationally. More on that here: What you need to know for the open: Summer lull or a COVID-19 tidal wave of panic-vol? As for the nation's own issues, there… 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.
