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USD/JPY set to lose the 109.00 threshold


4/8/2021 11:17:29 AM GMT
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By FXStreet Team
The USD/JPY pair is under pressure amid the dollar’s weakness and may fall below the 109.00 level, Valeria Bednarik, Chief Analyst at FXStreet, reports.
Japanese Trade Balance posted a larger-than-anticipated surplus of  ¥524.2 billion
“Japan published its February Current Account which posted a surplus of ¥2916.9 billion, largely surpassing the ¥1996 billion expected. The Trade Balance for the same month improved to ¥524.2 billion from ¥-130.1 billion in the previous month. Also, March Consumer Confidence printed at 36.1, better than the previous 33.8. The Eco Watchers Survey for the current situation came in at 49, while the Outlook resulted in 49.8.”
“The US session will bring Initial Jobless Claims for the week ended April 2, foreseen at 680K from 719K previously and a speech from US Federal Reserve chief Jerome Powell, due to participating in a panel dis ....

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GBP/JPY Forecast: Pound to Japanese Yen Exchange Rate Sheds Most March Gains after Year Best


April 8, 2021 - Written by Ben Hughes
Despite hitting its best levels in over a year this week, the British Pound to Japanese Yen (GBP/JPY) exchange rate has plummeted since then, shedding most of the gains seen over the past month in a matter of days. A combination of factors are helping the previously weak Japanese Yen to capitalise against this week’s broad Pound weakness. Unless there is a shift of market sentiment over the coming day, the Pound could remain jittery unless next week’s UK growth data impresses investors.
Due to strong currency movement and market sentiment, GBP/JPY has seen huge movements in recent weeks. Last week saw GBP/JPY surge from 151.17 to 153.08 - a massive gain of almost two Yen. ....

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