The post GBP/JPY Price Forecasts: Pound nears 217.00 with the 217.24 all-time high eyed appeared on BitcoinEthereumNews.com.
The British Pound (GBP) has resumed its broader uptrend against the Japanese Yen (JPY) on Wednesday, with price action drawing closer to the 217.00 level and the all-time high of 217.22, on the bulls’ focus. Some dovish comments by a Bank of Japan (BoJ) official have cast doubt about the BoJ’s monetary tightening plans and added pressure on an already weak Yen. Earlier on Wednesday, the Japanese central bank’s committee member Toichiro Asada, the lone vote opposing June’s interest rate hike, affirmed that he needs to see evidence of demand-driven inflation to support further monetary tightening. Asada is the latest appointment to the bank’s government board, and has been hand-picked by Prime Minister Sanae Takaichi, who has repeatedly voiced her preference for low interest rates to promote economic growth. The BoJ official assured that he is “not always opposed”
The post Analyst Michael Gayed Names XRP Among Four Assets to Survive a Global Margin Call appeared on BitcoinEthereumNews.com.
XRP News Portfolio manager Michael Gayed has placed XRP among a short list of four assets he believes can weather an approaching global margin call, sitting alongside the Japanese yen, gold and oil. Gayed, founder of The Lead-Lag Report, argues the financial system is nearing a point where regulators will be forced to prioritize bond markets over equities. His framework treats XRP not as a speculative altcoin but as a potential capital-transfer channel that could attract flows if a liquidity shock unwinds leveraged positions across traditional markets. The comments circulated widely as XRP traded near $1.08. At the center of the thesis is what Gayed calls a reverse carry trade. For years, investors borrowed cheaply in yen to buy overheated U.S. equities, a strategy that works only while Japanese financing stays loose. Gayed warns that the mechanism can snap vi
The post Japanese Yen: Weak tone within defined trading band against US Dollar – UOB appeared on BitcoinEthereumNews.com.
United Overseas Bank’s (UOB) Quek Ser Leang highlights that USD/JPY is trading firmly after a sharp rise, with intraday bias tilted higher toward 162.70 while major resistance at 163.00 is expected to hold. On a 1–3 week horizon, the bank sees a mixed outlook with the pair likely confined between 160.60 and 163.00, though the medium-term trend can extend if above 161.00. USD/JPY upside bias capped below 163.00 “24-HOUR VIEW: Two days ago, USD soared to a high of 162.42. Yesterday, we highlighted the following: “The rapid rise appears excessive, and the pullback from overbought conditions suggests limited further upside for USD. Today, USD could trade in a range between 161.50 and 162.45.” USD then traded within a narrower range than expected (161.66/162.18) before closing marginally higher by 0.01% at 162.09. USD traded on a firm note in the early Asian trade today,
The post Euro rises against Japanese Yen as latter underperforms across the board appeared on BitcoinEthereumNews.com.
The Euro (EUR) trades 0.1% higher to near 185.20 against the Japanese Yen (JPY) during the European trading session on Wednesday. The cross gains as the Japanese Yen (JPY) underperforms its peers despite clarification from Japan’s Growth Strategy Minister Minoru Kiuichi that the government is not prompting a low-interest rate environment. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.09% -0.04% 0.05% -0.15% -0.13% -0.62% -0.15% EUR 0.09% 0.05% 0.15% -0.06% -0.04% -0.53% -0.06% GBP 0.04% -0.05% 0.09% -0.12% -0.10% -0.55% -0.13% JPY -0.05% -0.15% -0.09% -0.21% -0.17% -0.68% -0.22% CAD 0.15% 0.06% 0.12% 0.21% 0.03% -0.47% -0.01% AUD 0.13% 0.04% 0.10% 0.17% -0.03% -0.48% -0.05% NZD 0.62% 0.53
The post British Pound: Momentum fades against US Dollar – UOB appeared on BitcoinEthereumNews.com.
United Overseas Bank’s (UOB) Quek Ser Leang reports that GBP/USD failed to sustain its recent strong run, pulling back after testing resistance near 1.3410. Short-term price action now points to an extended correction with focus on 1.3330–1.3315 supports, while on a 1–3 week view a break below 1.3315 would signal that the Pound’s latest advance has ended. Correction eyes 1.3315 strong support “24-HOUR VIEW: After GBP rose more than we expected on Monday, we highlighted the following yesterday: “Strong momentum suggests further GBP strength toward 1.3410. A break above this major resistance is not ruled out, but based on the prevailing momentum, the next resistance at 1.3445 is likely out of reach. To sustain the momentum, GBP must hold above 1.3350, with minor support at 1.3370.” The subsequent price movements did not unfold as expected. GBP eked out a fresh high of 1.3401 before pulling
The post USD/JPY Price Forecast: Dollar remains capped below 162.40 resistance area appeared on BitcoinEthereumNews.com.
The US Dollar (USD) appreciates against the Japanese Yen (JPY) for the fourth consecutive day on Wednesday, fuelled by the resumption of hostilities in the Middle East and dovish comments from Bank of Japan (BoJ) officials. The Greenback, however, is struggling to break last week’s highs at 162.40 so far. A new round of US strikes on Iran, in retaliation for alleged attacks from Tehran on vessels closing Hormuz earlier this week, hurt risk appetite on Wednesday. and provided some support to the safe-haven US Dollar, The Yen, however, is suffering from weakness of its own, as BoJ monetary committee member Toichiro Asada, the dovish dissenter at June’s monetary policy meeting, said that he needs to see signs of demand-driven inflation before supporting interest rate hikes, Technical Analysis: 162.40 is the last barrier before 40-year highs USD/JPY trades at 162.26, mai
The post AUD/JPY Price Forecast: Edges higher above 112.50 as mildly bullish bias persists appeared on BitcoinEthereumNews.com.
The AUD/JPY cross gathers strength to around 112.70 during the early European session on Wednesday. Nonetheless, renewed tensions between the US and Iran, and fears of possible intervention by Japanese authorities might support the Japanese Yen (JPY) and cap the upside for the cross. BBC reported on Tuesday that the US launched “powerful” strikes on Iran in response to attacks on three oil tankers in the Strait of Hormuz. US Central Command (Centcom) said that it had hit over 80 targets, including more than 60 Islamic Revolutionary Guard Corps (IRGC) small boats in the strait. Technical Analysis: In the daily chart, AUD/JPY holds above the 100-day moving average (MA) and the Bollinger Bands’ (20) middle band, keeping the broader trend supported after the latest rebound. Price is also comfortably above the lower Bollinger band, while the Relative Strength Index
The post British Pound declines to near 1.3350 as US launches strikes on Iran appeared on BitcoinEthereumNews.com.
The GBP/USD pair loses traction to near 1.3355 during the Asian trading hours on Wednesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid renewed geopolitical tensions after the US renewed strikes on Iran. The Federal Reserve’s (Fed) June meeting minutes will be published later on Wednesday. Washington unleashed a new wave of strikes against Tehran on Tuesday and revoked a license allowing the country to sell oil after three tankers were attacked in the Strait of Hormuz, per Reuters. Geopolitical fears surge following this headline, supporting the Greenback as a safe-haven asset. Westpac analysts said that concerns for the stability of the peace deal reemerged after Iran attacked ships crossing the Strait of Hormuz. “Concerns over the inflation outlook were in focus, seeing yields jump higher across the globe,” they wrote. The formal race to replace
The post Japanese Yen edges higher as intervention fears return appeared on BitcoinEthereumNews.com.
The USD/JPY pair trades with mild losses near 162.35 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as traders continue to watch for signs of possible intervention by Japanese authorities to support the currency. The Federal Reserve’s (Fed) June meeting minutes will be released later on Wednesday. Expectations for further US rate increases have eased following weaker-than-expected Nonfarm Payrolls (NFP) data, weighing on the Greenback. Federal Reserve (Fed) Bank of New York President John Williams said on Tuesday that he has grown a little less worried about the state of price pressures in the economy due to the recent retreat in energy prices, which he expects to continue. Meanwhile, Fed Governor Christopher Waller stated on Monday that forward guidance can be a valuable tool under the right circumstances but can also be a pr
