Wednesday , 22 January 2025
Home Forex GBPJPY settles near 196.00 after volatile Monday, falls back from 34-year high
Forex

GBPJPY settles near 196.00 after volatile Monday, falls back from 34-year high

The GBP/JPY tumbled nearly 3.5% from the day’s 34-year peak at 200.60, rallying to its highest bids since August of 2008 before a rapid pullback, sending the pair down nearly 700 pips on Monday before markets recovered to the 196.00 technical region.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

US sells 20-year notes at 4.900% vs 4.911% WI

Prior was 4.686%Bid to cover at 2.75 vs 2.50 priorThis is a...

One year ago, a hedge fund manager released the saddest letter

One year ago today, Asia Genesis Asset Management announced it was shutting...

Netflix earnings push Wall Street higher

US stocks have been given fresh momentum by Netflix’s solid results, while...

USDCAD reaches the MA targets and backs off

The USDCAD stretched higher and in doing so, reached the 100/200 hour...