5 Jan 2015
GBP/JPY drops to test December lows
FXStreet (Córdoba) - GBP/JPY is falling sharply for the second trading day in a row and recently printed a fresh 2-week low at 181.90.
Stronger yen, weak pound
The Japanese currency is rising sharply across the board as the USD/JPY plummets below 120.00 amid a decline in US stocks, where the Dow Jones is falling 1%. On the opposite, the pound is the weakest among European currencies with the GBP/USD struggling to hold above 1.5200.
GBP/JPY is losing 1.40% so far today and since the beginning of the year dropped more than 500 pips. Price has approached the December low that lies at 181.59, if the pair falls below it would be trading at the lowest since November 17.
Stronger yen, weak pound
The Japanese currency is rising sharply across the board as the USD/JPY plummets below 120.00 amid a decline in US stocks, where the Dow Jones is falling 1%. On the opposite, the pound is the weakest among European currencies with the GBP/USD struggling to hold above 1.5200.
GBP/JPY is losing 1.40% so far today and since the beginning of the year dropped more than 500 pips. Price has approached the December low that lies at 181.59, if the pair falls below it would be trading at the lowest since November 17.