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GBP/JPY Forecast Today 14/01: Bounces Hard (Chart)
(MENAFN- Daily Forex)
- During my daily analysis of the yen related pairs, it's obvious that the market has initially had people running to the Japanese yen, only to turn around and show signs of life again in multiple currencies. This is even true with the British pound, which got absolutely crushed during the trading session, and I think will continue to be a bit of a laggard as long as the British budgetary concerns remain. Furthermore, were now starting to see a lot of noise with the Labour Party possibly being embroiled in a ton of scandals, so this is starting to play out in the bond markets in the United Kingdom, as the government of the United Kingdom seemingly wants to do everything it can to smash any optimism or desire of foreigners to get involved in the area.

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