GBP/JPY Price Forecast: Pound consolidates after hitting fresh all-time highs at 218.00

The post Japanese Yen gains modestly, remains near multi-decade lows appeared on BitcoinEthereumNews.com. USD/JPY trades slightly lower on Thursday as a mildly softer US Dollar (USD) lends support to the Japanese Yen (JPY). At the time of writing, the pair is trading around 162.45, hovering near 40-year highs. Persistent weakness in the Yen keeps traders alert for possible intervention by Tokyo in the foreign exchange market. However, previous suspected intervention efforts proved short-lived because structural headwinds, including Japan’s low interest rates and deteriorating fiscal outlook, remain a drag on the Yen. Japan Chief Cabinet Secretary Minoru Kihara said on Thursday that the government wants to “secure market trust by stably lowering the government debt-to-GDP ratio.” Kihara added that the government is watching markets with a “very high sense of urgency.” Meanwhile, a key near-term headwind for the Japanese Yen stems from renewed fighting between the United States (US) and

The post Pound Sterling Price News and Forecast: GBP hits fresh three-week highs past 1.3400 appeared on BitcoinEthereumNews.com. British Pound hits fresh three-week highs past 1.3400 as US Dollar pulls back  The British Pound (GBP) appreciates against the US Dollar (USD) for the second consecutive day on Thursday, to hit fresh three–week highs right above 1.3400. The Greenback’s pullback following the release of the Federal Reserve’s (Fed) minutes and rumours about the resumption of the US-Iran negotiations are keeping the pair buoyed. The US and Iran traded attacks for the second consecutive day on Thursday, but risk aversion remains contained so far, with markets hopeful that the negotiations will continue. US President Donald Trump affirmed earlier on Thursday that Tehran “wants to make a deal so badly,” which suggests that the peace talks might resume soon. Read more… GBP/USD Price Forecast: Holds a constructive bullish tone above 1.3400 as UK political risk eases The GBP/USD pair

The post British Pound hits fresh three-week highs past 1.3400 as US Dollar pulls back  appeared on BitcoinEthereumNews.com. The British Pound (GBP) appreciates against the US Dollar (USD) for the second consecutive day on Thursday, to hit fresh three–week highs right above 1.3400. The Greenback’s pullback following the release of the Federal Reserve’s (Fed) minutes and rumours about the resumption of the US-Iran negotiations are keeping the pair buoyed. The US and Iran traded attacks for the second consecutive day on Thursday, but risk aversion remains contained so far, with markets hopeful that the negotiations will continue. US President Donald Trump affirmed earlier on Thursday that Tehran “wants to make a deal so badly,” which suggests that the peace talks might resume soon. Beyond that, the US Dollar remains on its back foot since the release of the minutes of June’s Fed meeting. The committee maintained its will to fight inflation, but showed a divergence on the monetary policy

The post US Dollar: Constructive outlook as Oil risks build – OCBC appeared on BitcoinEthereumNews.com. OCBC’s Sim Moh Siong and Christopher Wong note renewed Middle East tensions and higher Oil prices are lifting the US Dollar (USD) and global bond yields. They expect the USD to appreciate by 2–3% in 2H26 versus lower-yielding currencies like the Euro (EUR), Japanese Yen (JPY) and Swiss Franc (CHF), with a larger rally contingent on a sharper Oil spike or US overheating. Geopolitics and energy underpin Dollar “We continue to expect the USD to appreciate by 2-3% in 2H26 and remain constructive on the currency against lower-yielding peers, including the EUR, JPY and CHF.” “A more significant move of over 5% remains a tail risk and would likely require either oil prices rising above USD100/bbl or renewed signs of US economic overheating, such as falling unemployment and firmer medium-term inflation expectations, rather than a soft-landing outcome.” “At around USD78/bbl, Brent crude remai

The post What is keeping the Japanese Yen close to 40-year lows as extreme positioning meets intervention threats? appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) remains locked in a high-stakes standoff against the US Dollar, testing the ultimate limits of Tokyo’s tolerance for its local currency to depreciate. While a combination of a dovish Bank of Japan (BoJ), loose domestic fiscal policy, and structural vulnerabilities as a net energy importer continue to weigh down the asset, speculative short positioning has reached heavily stretched extremes.  Market observers warn that while the immediate technical path points to further gradual upside for the USD/JPY pair, the threat of unannounced government intervention looms large, setting the stage for a potentially violent and sudden trend reversal. USD/JPY daily chart. Source: FXStreet. Structural pressures and extreme positioning heighten intervention threats FX strategists at ABN AMRO note the market is aggressively probin

The post Japanese Yen gains against US Dollar despite renewed geopolitical risks appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) trades higher against the US Dollar (USD) despite renewed geopolitical risks. The USD/JPY pair is down 0.17% to near 162.35 as the US Dollar faces selling pressure even as the exchange of attacks between the United States (US) and Iran has de-anchored United States (US) inflation expectations again. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.15% -0.23% -0.16% 0.07% -0.15% -0.69% -0.29% EUR 0.15% -0.07% -0.04% 0.22% 0.03% -0.51% -0.13% GBP 0.23% 0.07% 0.04% 0.29% 0.10% -0.43% -0.05% JPY 0.16% 0.04% -0.04% 0.22% 0.05% -0.52% -0.12% CAD -0.07% -0.22% -0.29% -0.22% -0.19% -0.73% -0.34% AUD 0.15% -0.03% -0.10% -0.05% 0.19% -0.54% -0.15% NZD 0.69% 0.51% 0.43% 0.52% 0.73% 0.54% 0

The post British Pound extends rally to 218.00 vs JPY as rate gap, politics aid appeared on BitcoinEthereumNews.com. The GBP/JPY cross builds on the previous day’s strong positive momentum and gains traction for the second successive day on Thursday. This also marks the fourth day of a move higher in the previous five and lifts spot prices to the 218.00 neighborhood, or the highest since January 2008 during the early part of the European session. With frontrunner Andy Burnham expected to become the next Prime Minister by July 20, fading UK political uncertainty has been bolstering the British Pound’s (GBP) relative outperformance. Furthermore, a broadly weaker US Dollar (USD) benefits the GBP, which, in turn, is seen as a key factor acting as a tailwind for the GBP/JPY cross. The momentum seems rather unaffected by speculations that Japanese authorities will step in to prop up the domestic currency. In fact, Japan’s Finance Minister Satsuki Katayama said last week that officials are re

The post Euro holds gains against Japanese Yen as Germany’s Trade Surplus widens in May appeared on BitcoinEthereumNews.com. EUR/JPY extends its gains for the second successive day, trading around 185.70 during the early European hours on Thursday. The currency cross maintains its upward momentum following stronger-than-expected seasonally-adjusted Trade Balance data from Germany. Germany’s Trade Surplus widened to €19.1 billion in May, marking the largest surplus since February. This comfortably beat market forecasts of €14.8 billion and followed an upwardly revised €14.7 billion surplus in April. This expansion was driven by an unexpected 0.9% month-on-month surge in German exports, which hit a three-and-a-half-year high and defied expectations of a 0.3% decline. Conversely, imports dropped by 2.5% to a three-month low, missing the estimate for a 0.1% growth and reversing the previous month’s 1.1% gain. However, the upside of the EUR/JPY cross could be limited as the Japanese Yen (JP