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3 Jun 2015

GBP/JPY drops below 190.00

FXStreet (Mumbai) - The selling interest in GBP spiked after a weaker-than-expected UK services PMI, pushing the GBP/JPY pair lower to a session low of 189.57.

GBP/JPY trades at 189.80

The British Pound was sold across the board after the UK services PMI in May fell to 56.5 Vs. expectation of 59.2. Service sector forms a bigger part of the UK GDP, consequently, a weaker-than-expected print drove the British Pound lower across the board.

However, the pair has recovered slightly to trade at 189.80, mainly on account of a jump in the USD/JPY pair to 124.30 levels.

GBP/JPY Technical Levels

A break above 190.00 could see the pair target the daily high of 190.78. On the flip side, a break below 189.33 (hourly 200-MA) could push the pair lower to 188.52.
Jun 3, 2015

EUR/JPY dives deeper in red near 138.20

EUR/JPY fell further into losses during the mid-European trades, as markets shrugged off upbeat EMU retail sales and employment data which failed to boost the shared currency versus the yen. While markets now await ECB decision for fresh cues on the cross.
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Jun 3, 2015

Gold hits fresh session lows near $ 1188

Gold prices on Comex accelerated losses below 1190 levels in the European session, largely on the back of a strong rebound seen in the US dollar versus its major peers ahead of key US ADP non-farm employment change data which hat may hint more about the anticipated Fed rate hike.
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