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Pound Japanese Yen Exchange Rate Steady as Bank of Japan is Optimistic about Japan's Covid-19 Vaccine Rollout

May 6, 2021 - Written by John Cameron
GBP/JPY Exchange Rate Rangebound as Japanese Economic Optimism Returns
The Pound Japanese Yen (GBP/JPY) held steady today after the Bank of Japan (BoJ) revealed that it was optimistic about Japan’s vaccine rollout. The pairing is currently trading around ¥151.92.
The Japanese Yen failed to gain against the Pound today despite yesterday’s modest but notably more bullish BoJ monetary policy minutes report.
The BoJ minutes said:
‘Some members said while the beginning of vaccine rollouts was a positive sign, developments regarding the pandemic continue to warrant attention.’
However, the Bank also warned: ....

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Pound Japanese Yen Exchange Rate Edges Higher as Japan Lags Behind in Covid-19 Vaccine Rollouts

April 14, 2021 - Written by John Cameron
GBP/JPY Exchange Rate Rises as US Economic strength Weighs on Appeal for Japanese Yen
The Pound Japanese Yen (GBP/JPY) exchange rate rose by 0.3% today as strong US economic growth has weakened demand for the Japanese currency. The pairing is currently trading around ¥150.30.
Bank of Japan (BoJ) Governor Haruhiko Kuroda was optimistic about the weaker Japanese Yen, however, saying that it could help Japanese manufacturers as profits would increase from overseas.
Analysts at Reuters commented:
‘Many Japanese manufacturers now produce goods they sell overseas locally, which means a weak yen may not boost export volumes as much as it had in the past.’ ....

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Pound Japanese Yen (GBP/JPY) Exchange Rate Dips as UK Non-Essential Shops Reopen

April 12, 2021 - Written by John Cameron
GBP/JPY Exchange Rate Falls as UK Markets Remain Cautious
The Pound Japanese Yen (GBP/JPY) exchange rate dipped this morning despite a jump in small business confidence thanks to today’s reopening on the UK’s non-essential shops. The pairing is currently trading around ¥150.25.
As a result, Sterling investors are now more hopeful about the outlook for the UK’s economy, which could begin to make a steady recovery now that non-essential shops return to business.
The Federation of Small Businesses (FSB) Chairman, Mike Cherry, was confident about the easing of some restrictions, saying: ....

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Pound Japanese Yen (GBP/JPY) Exchange Rate Steady as Japan Lags Behind in Covid-19 Vaccine Rollout

Pound Japanese Yen (GBP/JPY) Exchange Rate Steady as Japan Lags Behind in Covid-19 Vaccine Rollout
currencynews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from currencynews.co.uk Daily Mail and Mail on Sunday newspapers.

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