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27 Mar 2013
Forex: GBP/JPY returns above 143.00
FXstreet.com (Córdoba) - The Pound posted the first daily gain against the Yen since last Wednesday and recovered ground after hitting on Monday at 141.87 the lowest price in almost three weeks. The GBP/JPY has been trading above 143.00 in the last six hours and currently hovers around 143.20.
At the beginning of the American session bottomed at 142.49 but rebounded ending the day with a gain of 40 pips. Cable so far has been unable to erase weekly losses and remains trading more that 50 pips below the level it had at the beginning of the current week.
The yen was among the worst performers on Tuesday, weakened by risk appetite and ahead of the Bank of Japan meeting to be held next week.
At the beginning of the American session bottomed at 142.49 but rebounded ending the day with a gain of 40 pips. Cable so far has been unable to erase weekly losses and remains trading more that 50 pips below the level it had at the beginning of the current week.
The yen was among the worst performers on Tuesday, weakened by risk appetite and ahead of the Bank of Japan meeting to be held next week.