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Forex: USD/JPY keeps pushing higher

The Japanese yen continues its relentless depreciation against its rivals on Friday, pushing USD/JPY to fresh multi-year highs above 95.50, levels last seen in mid 2009

Against the backdrop of the US labour market releases, Currency Analyst at BTMU Dereck Halpenny commented, “The break of 95.00 is obviously bullish and barring a disastrous payrolls report USD/JPY has scope to drift further higher”.

As of writing, the pair is up 0.80% at 95.59 and a break above the psychological level of 96.00 would then target 96.80 (high Aug.12 2009) and then 97.15 (high Aug.11 2009).
On the flip side, support barriers line up at 94.79 (low Mar.8) followed by 94.00 (psychological level) and finally 93.79 (low Mar.7).

Forex: GBP/USD pares losses to trade at 1.5019/24

The GBP/USD downside seemed to lose steam at the 1.4982 level (session low), where supports kicked in and helped buoy the pair from a prolonged drop. During European trading however, the cross has gradually pared its losses to recover the mark of 1.5019/24 in these moments, ascending into positive territory and nearing a session high of 1.5028.
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