GBP/JPY capitalizes on upbeat market mood on Wednesday. GfK Consumer Confidence Index from UK will be released next. BoE’s Haskel says they keep negative rates under review. The GBP/JPY pair fell to 133.00 area during the European trading hours pressured by risk-aversion but staged a decisive rebound in the second half of the day. The pair advanced to its highest level in two weeks at 134.23 in the last hour and was last seen trading at 134.05, gaining 0.17% on a daily basis. GBP/JPY capitalizes on risk appetite Improving market sentiment during the American session made it difficult for the JPY to find demand as a safe-haven. The upbeat macroeconomic data releases from the US revived hopes of a global economic recovery. Additionally, Biopharmaceutical New Technologies (BioNTech) announced on Wednesday that the COVID-19 vaccine that they co-developed with Pfizer yielded positive results in first human trials to further boost risk flows. Reflecting the positive market environment, the 10-year US Treasury Bond yield is up more than 4% and the S&P 500 is gaining 0.6%. Later in the day, the GfK Consumer Confidence data from the UK will be looked upon for fresh impetus. During the Asian session, Monetary Base and Foreign Bong Investment data will be featured in the Japanese economic docket. Technical levels to watch for 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 Kyber Network Technical Analysis: KNC/USD close to cracking the $1.45 2020-high FX Street 3 years GBP/JPY capitalizes on upbeat market mood on Wednesday. GfK Consumer Confidence Index from UK will be released next. BoE's Haskel says they keep negative rates under review. The GBP/JPY pair fell to 133.00 area during the European trading hours pressured by risk-aversion but staged a decisive rebound in the second half of the day. The pair advanced to its highest level in two weeks at 134.23 in the last hour and was last seen trading at 134.05, gaining 0.17% on a daily basis. GBP/JPY capitalizes on risk appetite Improving market sentiment during the American session made it difficult for the… 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.
