Risk appetite giving yen pairs a lift once again 18 July 2016
Whether you think it's justified or not given the global fragility still but it's a case of risk-on again with equities on the rise and now that has seen GBPJPY once again lead the way.
The break of 140.00 has seen accelerated rallies in cable to 1.3265 and USDJPY up to 105,84.
Other core pairs also finding support from JPY-pair demand. Still very fickle and plenty of sellers ready to jump in so caution advised.
EURGBP demand around 0.8330 providing some GBPUSD supply. Bids between 0.8225-30 with larger interest into 0.8300. GBPUSD offers 1.3275-80 and larger into 1.3300-20
