Inflation report

GBP/JPY approaches critical resistance ahead of Bank of England decision

May 9, 2017 7:46 PM
Boosted largely by a sharply extended fall in the Japanese yen, GBP/JPY rose to a new year-to-date high on Tuesday, approaching key resistance around the 148.00 handle and re-testing December’s highs. As Frexit concerns have dissipated for the time being after pro-euro Emmanuel Macron was voted in as President-elect of France over the weekend, curre...