From a technical perspective, the outlook favours the recovery in Sterling-Yen to extend.
January 15,2019
The Pound appears to be higher across the board, part of the reason may be favourable month-end flows but the gains come in the context of a downtrend in GBP/JPY since November highs at 149.50 were rejected and we believe the trend should ultimately continue.
December 31,2018
The USD/JPY rate is a "House of Cards" that could easily collapse if Japanese investors walk away from large bets on the U.S. stock and bond markets, according to strategists at Morgan Stanley.
December 21,2018
The technical picture for GBP/JPY is marginally bearish in the short-term, although not convincingly so. The pair is falling within a consolidation block.
December 19,2018
We remain marginally bearish short-term on the condition that the pair can break below the 141.18 lows.
December 11,2018
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