GBP JPY

Geopolitical tensions and safe-haven flows are driving Japanese yen volatility. Here's a technical breakdown of key yen crosses including EUR/JPY, GBP/JPY, CHF/JPY and CAD/JPY.

USD/JPY is in the spotlight ahead of the Wednesday FOMC rate decision, although Yen-weakness has been more noticeable in both EUR/JPY and GBP/JPY of late.

USD/JPY has seen price action narrow into a triangle and the CPI report will probably have a big impact on the major pair. EUR/JPY and GBP/JPY are both highlighting bullish breakout potential.

The Japanese yen weakened as hopes of productive US-China trade talks lifted sentiment. AUD/JPY and GBP/JPY technical setups signal potential upside.

USD/JPY has started recovery from last week’s sell-off and is now re-testing a major level at 145.00.

USD/JPY bounced from support as US dollar selling eased. Though with yen strength waning and the British pound outperforming the US dollar, GBP/JPY may be the better setup for bulls.

USD/JPY is trying to break a streak of seven consecutive red days, but surging Japanese yields brings the question as to whether macro forces may take over for the currency.

GBP/USD has been stalled at a key Fibonacci level for the past four weeks, but GBP/JPY has been trending decisively over that same period of time.

USD/JPY started the week with a strong breakout but that’s snapped back over the past three days, bringing with it questions around the trend in JPY.

GBP/USD retains breakout potential but it’s the four weeks of gains in GBP/JPY that’s of attraction for British Pound bulls.

USD strength has continued in the aftermath of the FOMC press conference yesterday, and USD/JPY is looking especially strong with a test of fresh highs.