Jump to content

Sterling Rises Slightly Versus Yen


Forex7

Recommended Posts

At today’s trading (04/01, 03.58 GMT) the Pound rises very slightly against Japanese Yen Dollar. Sterling opened at 140.99 in early trading (00:00 GMT), and climbs +1 pips or about + 0.01 % at 141.00.

 

The favorable sentiment against Pound sterling is seems to be rising , before Markit reports a latest data of Level of a diffusion index based on surveyed purchasing managers in the services industry, in December.

 

The indicator Services PMI might shows an increase to 50.4 from previous period of 50.2. The market pushes the currency to move higher as an early response. Vibiz Consulting Analyst said normal range of GBP/JPY is estimated to have the support level at 140.01 and resistance level at 142.14.

 

Other reports might also showing a positive signal. Bank of England is scheduled to release the latest data of Net Lending to Individuals m/m. The indicator might rose to 0.4B from -0.3B.

Link to comment
Share on other sites

  • 3 weeks later...
  • 11 months later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...