Breaks below 213.00 eyes on 212.00

Breaks below 213.00 eyes on 212.00

GBP/JPY retreats over 0.55% on Wednesday as the Japanese Yen strengthened in the aftermath of last week’s intervention in the FX markets by Japanese authorities. At the time of writing, the cross-pair trades at 212.60 after reaching a daily peak of 214.23. GBP/JPY Price Forecast: Technical Outlook The GBP/JPY is poised to consolidate after clearing […]

Inflation shock drives underperformance risk – MUFG

Inflation shock drives underperformance risk – MUFG

MUFG’s Michael Wan highlights that the Philippines faces heightened vulnerability to Middle East supply disruptions, with April Consumer Price Index (CPI) surging to 7.2% year-on-year, far above expectations. He expects Bangko Sentral ng Pilipinas (BSP) to hike rates further but sees limits given weak growth. MUFG projects USD/PHP could move towards 62.00–63.00 if the Strait […]