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13 Jun 2013
GBP/JPY much higher post US data
FXstreet.com (London) - GBP/JPY had climbed through 148.40 in a few waves post US data and has been dropping to find a bounce at 147.80.
GBP/JPY plays out moves in USD/JPY
GBP/JPY was carried higher as the Yen recorded a move of 80 pips to the topside since the release of the better US data. Core US retail sales signaled that consumer spending shouldn’t slow up too much in the 2nd quarter after falling in April. Retail Sales (MoM) are up to 0.6% vs 0.1% in Apr. Ex-autos 0.3% vs. -0.1%.Also, Jobless Claims decreases to 334K vs 346K while US May. GBP/USD on the other hand has remained in a relatively tight range, oscillating around the pivot and not eve attempting a break out, signaling that perhaps the pair has been now capped for the time being and ahead of the 200d ma.
GBP/JPY is choppy
GBP/JPY is choppy and indicators are indecisive offering a neutral signal for the time being.
GBP/JPY plays out moves in USD/JPY
GBP/JPY was carried higher as the Yen recorded a move of 80 pips to the topside since the release of the better US data. Core US retail sales signaled that consumer spending shouldn’t slow up too much in the 2nd quarter after falling in April. Retail Sales (MoM) are up to 0.6% vs 0.1% in Apr. Ex-autos 0.3% vs. -0.1%.Also, Jobless Claims decreases to 334K vs 346K while US May. GBP/USD on the other hand has remained in a relatively tight range, oscillating around the pivot and not eve attempting a break out, signaling that perhaps the pair has been now capped for the time being and ahead of the 200d ma.
GBP/JPY is choppy
GBP/JPY is choppy and indicators are indecisive offering a neutral signal for the time being.