GBP JPY

Yen weakness has continued to show, and USD/JPY has jumped up to a key Fibonacci level on the way to fresh three-week highs.

USD/JPY was on the verge of breakdown last week, but the pair has popped back above 150.00, which remains a critical level in the pair.

A weaker US dollar and Japanese yen has allowed GBP/USD and GBP/JPY to regain some lost ground. And both pairs can likely build upon these early gains, GBP/USD could be the outperformer.

The Japanese Yen has shown significant drive around U.S. CPI reports over the past few years, setting the stage for tomorrow’s release.

The Bank of England cut rates last week but it was the two votes for a 50 bp cut that weighed on the currency on Thursday and Friday.

A dovish BOE cut and bets that a BOJ hike could be much closer than expected saw GBP/JPY lead the way lower on Thursday. But price action across the board suggests it could be year of the yen.

USD/JPY has shown a higher-low on the daily chart and at this point it seems to have evaded much of the tariff drama that’s engulfed other USD-pairs.

Yen-weakness is showing prominently against both the Euro and British Pound after the BoJ rate hike, and USD/JPY has held a major spot of support at 155.00.

Crude Oil, GBPJPY Forecast: The lingering effects of Trump-era policies continue to shape broader market trends. Expectations of war resolutions are pressuring oil prices into a neutral stance, while tariff policies are fueling volatility across the US dollar rally.

Yen weakness has hung around and USD/JPY and GBP/JPY both retain bullish appeal. But for those looking for Yen-strength, perhaps in anticipation of next month’s policy review from the BoJ, EUR/JPY could hold greater attraction.

It was a brutal week for the British Pound, with fresh four-month lows in Cable as GBP/JPY put in a late-week breakdown.

USD/JPY has continued to rally up to fresh three-month-highs, but EUR/JPY has started to build bearish structure. Meanwhile a bull pennant has formed in GBP/JPY.

EUR/JPY and GBP/JPY on sitting on shaky ground. Momentum’s fading, and risks are skewing to the downside as we enter a quieter macro week.

Yen-weakness has remained through Japanese general elections and both EUR/JPY and GBP/JPY have put in clean breakout moves from ascending triangle formations.

It’s been tough sledding for Cable so far in Q4, but bulls have started to show defense of a major psychological level. Meanwhile, GBP/JPY is holding on to a bullish breakout setup as we go into next week.

EUR/JPY and GBP/JPY traders have already priced in the current projected path of interest rates from the ECB, BOE, and BOJ, so the main market driver moving forward will be how those expectations evolve.

With market concerns surrounding a hard economic landing in the US diminishing, it has allowed Japanese yen carry trades to be reestablished, seeing capital flow towards parts of the world that are currently outperforming. The UK is one place that fits that bill, seeing GBP/JPY take out an important resistance level on the charts. Its breakout may act as a lead indicator for AUD/JPY.