JPY & GBP Movements In 18 / JUL

Japanese Yen (JPY)
The Japanese Yen (JPY) was sold heavily as the carry trade roared back into life on positive equities gains. All the crosses made substantial gains especially the GBP/JPY. Overall the USDJPY traded with a low of 104.76 and a high of 107.11 before closing the day around 106.25 in the New York session.

Pound Sterling (GBP)

The Sterling (GBP) traded in a tight range pivoting the key 2.00 level. Overall the GBP/USD traded with a low of 1.9949 and a high of 2.0073 before closing the day at 2.0020 in the New York session. Looking ahead, Public Sector net borrowing is seen at 7.4 Billion.

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