GBPJPY Exchange Rate

UK house prices rose only marginally in April as rising interest rate expectations weighed on the property market, data published by the mortgage lender Halifax showed on Tuesday. House prices posted a monthly increase of 0.1 percent in April, which was weaker than the expected 0.2 percent growth. However, this was in contrast to the 0.9 percent fall in March.

The services sector in Japan continued to expand in April, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 54.3.

The Japanese yen reversed from early gains against other major currencies in the Asian session on Monday, although the Japanese stock market is closed for Children's Day holiday on the day.

The Japanese yen weakened against other major currencies in the Asian session on Monday.

GBPJPY is in the red again today, not far from its recent high; It has dropped below the January 2, 2024 ascending trendline; Momentum indicators are in waiting mode for the next key market events

GBP/JPY may rest near 190.00 round number; MACD and RSI confirm bearish retracement; Broader outlook looks strongly bullish

GBPJPY breaks below key support area after new high. Technical signs weaken, but 20-day EMA comes to the rescue again.

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