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GBP/JPY slides below 182.00

FXStreet (Córdoba) - The yen gained momentum across the board during the American session and climbed across the board as US government bonds continue to slide. GBP/JPY moved to the downside after NFP below 182.00 and recently broke lower.

Near the end of the week printed a fresh low at 182.20, reaching the lowest price since last Tuesday. The pair is falling for the second day in a row, trimming weekly gains.

GBP/JPY exhausted?

On Thursday the pair peaked above 184.00 and since then has fallen more than 300 pips, making a significant bearish correction. The rise to fresh multi-year highs was boosted by the decline of the yen in the currency market that on Friday trimmed losses.

The retreated of the pair was boosted by an ongoing weakness in the pound and the correction of the yen. While USD/JPY has pulled back toward Wednesday levels, GBP/USD only managed to move slightly above 2014 lows.

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