USD/JPY
The yen continued the
correction, which was started on Tuesday after the unsuccessful attempt to
break through the technically significant level of 111.80. The pair enters the
support zone of 111.00-110.70, which can delay further downward movement. Fundamentally, the yen has no reasons for growth. Today Bank of Japan Deputy Governor Kikuo Iwata made it clear that the regulator will keeps monetary stimulus unchanged
in the near future.
GPB/USD
Yesterday Andrew Haldane helped the pound to back to the area above 1.2600. He
promised to increase rates in 2018. However, Forex traders react too much to
everything. Now the pair is consolidating near the level of 1.2669 in
anticipation of publication of Industrial Trends Survey
by the Confederation
of British Industry (CBI) and speech by Christina
Forbes in London.
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