Analysis

GBP/JPY continues to lose ground for the fourth consecutive day, trading around 199.50 during the Asian session on Wednesday.

The USD/JPY pair trades on a stronger note around 155.85, snapping the two-day losing streak during the early Asian session on Wednesday. The upside of the

BoJ's interventions in recent days can best be described as ‘leaning against the wind’. But, at the moment, the wind continues to blow in the direction of

USD/JPY rises to 157.39, up 0.70% after rebounding from 155.37 low.

The possible BoJ intervention in the market on Friday was mostly unsuccessful. On Wednesday, the situation was very different. It very much smells like the

GBP/JPY continued a pattern of sharp declines on Wednesday, tumbling over a full percent on the day as markets continue to suspect further direct intervent

USD/JPY is declining steeply from its early July highs. After peaking at 161.95 on July 3 it has fallen over five Japanese Yen to the 156.50s on July 17. 

In Tuesday's session, the AUD/JPY pair recorded a slight decline to 106.70, following up on the gradual declining trend from last week.

The GBP/JPY cross recovers some lost ground near 205.70, snapping the three-day losing streak during the early European session on Tuesday.

In Friday's trading session, a downward turn was observed for the AUD/JPY pair as it dipped by 0.23% to reach 107.10.

During Thursday's trading session, the AUD/JPY pair witnessed sharp losses towards 107.30.

The USD/JPY pair trades on a softer note around 161.55, snapping the three-day winning streak on Thursday during the early Asian session.

GBP/JPY continues to grind out fresh peaks, but topping patterns are growing.

Investors await the US NFP report for fresh guidance on interest rates.

USD/JPY eased slightly as the Yen gets a much-needed break from getting pummeled by bears.

The Japanese Yen (JPY) strengthens to around 161.00 against the US Dollar (USD) on Thursday while the US markets are  closed for a public holiday.

GBP/JPY rose to yet another fresh 16-year high on Wednesday, crossing the 206.00 handle after extending recent gains into a 13-trading-day winning streak.

The monetary policy divergence between Japan and the US exerts some selling pressure on the Japanese Yen.

The US Dollar (USD) strength remains intact. It could test the resistance at 162.00 before the risk of a pullback increases. If it breaks above 162.00, the

USD/JPY continued to power through 161 this morning. This is the highest level since 1986, FX strategist at OCBC Christopher Wong notes.