GBPJPY
The GBP/JPY cross dropped to near three-week lows, around the 150.85-80 region in the last hour, albeit quickly recovered few pips thereafter.
The cross extended the previous day's dramatic pullback from the 152.85 area, or one-month tops and witnessed heavy selling for the second consecutive session on Wednesday. The downfall was exclusively sponsored by a strong pickup in demand for the safe-haven Japanese yen, though bulls showed some resilience below the 151.00 round-figure mark.
Investors remain worried about the fast-spreading Delta variant of the coronavirus and a global economic slowdown. The concerns were further fueled by disappointing Chinese macro data, which underscored recent signs of slackening economic momentum in the world's second-largest economy. This, in turn, underpinned traditional safe-haven assets.
The cross extended the previous day's dramatic pullback from the 152.85 area, or one-month tops and witnessed heavy selling for the second consecutive session on Wednesday. The downfall was exclusively sponsored by a strong pickup in demand for the safe-haven Japanese yen, though bulls showed some resilience below the 151.00 round-figure mark.
Investors remain worried about the fast-spreading Delta variant of the coronavirus and a global economic slowdown. The concerns were further fueled by disappointing Chinese macro data, which underscored recent signs of slackening economic momentum in the world's second-largest economy. This, in turn, underpinned traditional safe-haven assets.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.