GBP JPY

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.

The Japanese Yen continues to fall even after last week’s threats of intervention. USD/JPY is trading at a fresh 37-year high as EUR/JPY, GBP/JPY and AUD/JPY have all shown considerable strength.

USD/JPY is trading at a fresh 37-year high and today’s breakout happened right at Masato Kanda was threatening to intervene. The big question now is whether the Ministry of Finance still wants to defend the Yen or whether they’ll wait until another big figure trades.

Yen-weakness remains in play and USD/JPY is already trading in some rarified air. But it’s AUD/JPY that’s taken the attention after the breakout to fresh 16-year highs.

The Bank of Japan hosts a rate decision tonight and the big question is whether they lay the groundwork for another rate hike in July, along with whether they announce a reduction in bond purchases. EUR/JPY is set up for Yen bulls, while GBP/JPY and AUD/JPY could be more attractive backdrops for Yen bears.

Soft US inflation and stability in the Fed interest rate outlook point to an ideal environment for renewed upside in Japanese yen FX crosses, assuming prevailing conditions don't shift meaningfully. GBP/JPY and NZD/JPY are two pairs on the radar.

It was another strong week for the British Pound as Core CPI came out well-above the expectation, leading to a 1.2750 test in GBP/USD and a 200.00 test in GBP/JPY.

The Japanese Yen has continued to show weakness against the USD, Euro and British Pound, and both EUR/JPY and GBP/JPY are working at or near major psychological levels.

USD/JPY printed a doji for the week but elsewhere, Yen weakness remained a driving factor. EUR/JPY, GBP/JPY and AUD/JPY are all nearing key points of longer-term resistance.

Both gold and GBP/JPY are showing signs of stability around key support levels to suggest they could extend their bounce. But with AUD/USD rising for four days on anticipation of a hawkish RBA, whether AUD/USD can extend its rally beyond resistance is up for question.