The British pound initially fell against the Japanese yen during the course of the trading week. However, we rallied quite a bit to reach above the ¥152.50 level, and a closed near the ¥153 level. This is a market that will probably go looking towards ¥155 level, as long as we have more of a “risk-on” attitude out there. If we do not, then it is possible that we could turn around and break down towards the ¥150 level, an area that I see a lot of support in. Either way, I think volatility is the only thing that you can probably count on.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.