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13 Mar 2015
GBP/JPY drops more than 200 pips
FXStreet (Córdoba) - GBP/JPY accelerated to the downside during the American session and extended the slide to more than 200 pips in a few hours. The pair recently bottomed at 178.23, the lowest level since February 5.
Currently trades slightly above the lows at 178.30/35, down 1.20% for the day. The pound is falling for the fourth day in a row against the yen and about to post the worst weekly result since early January.
While the pound is the worst performer in the market for the second consecutive day, the yen is rising in the market as stocks in Wall Street fall more than 1% and crude oil tumbles more than 4%.
Currently trades slightly above the lows at 178.30/35, down 1.20% for the day. The pound is falling for the fourth day in a row against the yen and about to post the worst weekly result since early January.
While the pound is the worst performer in the market for the second consecutive day, the yen is rising in the market as stocks in Wall Street fall more than 1% and crude oil tumbles more than 4%.