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GBP/JPY clings to modest gains near 153 75 region post-UK macro releases

5/12/2021 6:30:13 AM GMT | By Haresh Menghani GBP/JPY regained positive traction on Wednesday and held steady near multi-year tops. Worries about a surge in coronavirus cases in Japan acted as a headwind for the JPY. Mostly upbeat UK macro data remained support, albeit failed to impress bullish traders. The GBP/JPY cross held on to its modest gains near session tops, around the 153.75-80 region and had a rather muted reaction to the latest UK macro releases. Following the previous day s good two-way price swings, the cross managed to regain some positive traction on Wednesday amid the emergence of some fresh selling around the Japanese yen. Concerns that the recent surge in COVID-19 cases could hinder Japan s fragile economic recovery continued acting as a headwind for the JPY. This was seen as the only factor that provided a modest lift to the GBP/JPY cross.

GBP/USD renews multi-month highs above 1 4150

5/10/2021 2:54:35 PM GMT | By Eren Sengezer GBP/USD touched its highest level since late February at 1.4158. US Dollar Index stays in the negative territory on Monday. Focus shifts to first-quarter GDP report from the UK on Wednesday. The GBP/USD pair registered strong gains in the second half of the previous week and preserved its bullish momentum on Monday. After touching its highest level since late February at 1.4158 in the early American session on Monday, the pair seems to have gone into a consolidation phase and was last seen rising 1.2% on a daily basis at 1.3143. GBP continues to ride BoE wave

US Dollar Index consolidates gains above 91 00 ahead of FOMC

4/28/2021 7:50:44 AM GMT | By Pablo Piovano DXY extends the upside beyond the 91.00 mark. US yields tick higher and lend support to the dollar. The FOMC is largely expected to keep its accommodative stance. The greenback, when tracked by the US Dollar Index (DXY), climbs to new 3-day highs above the 91.00 hurdle on Wednesday. US Dollar Index bid ahead of FOMC The index extends the weekly recovery and posts gains for the third consecutive session on Wednesday amidst the rebound in US yields. In fact, yields of the US 10-year note manage to regain the vicinity of the 1.65% level, broadening the bounce off recent lows in the 1.53% zone.

USD/JPY consolidates gains near two-week highs at 109 00

USD/JPY consolidates gains near two-week highs at 109 00
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USD/JPY consolidates gains near two-week highs at 109 00

USD/JPY consolidates gains near two-week highs at 109 00
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