Created
: 2025.04.21
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
GBP/JPY Price Forecast: Bearish outlook remains in play below 188.50
World FX news
Breaking news
GBP/JPY Price Forecast: Bearish outlook remains in play below 188.50
New
2025.04.21 14:55
2025.04.21 14:55
2025.04.21 14:55
- GBP/JPY softens to around 188.45 in Monday's early European session, losing 0.35% on the day.
- The cross keeps the negative outlook below the 100-day EMA with a bearish RSI indicator.
- The initial support emerges at 187.47; the first upside barrier is located at 190.00.
The GBP/JPY cross weakens to near 188.45 during the early European session on Monday. The ongoing uncertainty over US President Donald Trump's trade tariffs continues to weigh on investors' sentiment, which boosts safe-haven currencies like the Japanese Yen (JPY).
According to the daily chart, the bearish outlook of GBP/JPY remains in play as the cross remains capped below the key 100-day Exponential Moving Average (EMA). The path of least resistance is to the downside, with the 14-day Relative Strength Index standing below the midline near 43.60.
The first downside target for the cross emerges at 187.47, the low of April 17. Extended losses could see a drop to 186.54, the low of April 8. The crucial support level for GBP/JPY is seen in the 185.00-184.95 zone, representing the psychological level and the lower limit of the Bollinger Band.
In the bullish case, the immediate resistance level is located at the 190.00 round mark. Sustained trading above this level could attract some buyers to 191.90, the 100-day EMA. Further north, the next hurdle to watch is 194.20, the high of April 3.
GBP/JPY daily chart
Japanese Yen FAQs
The Japanese Yen (JPY) is one of the world's most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan's policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan's mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ's stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen's value against other currencies seen as more risky to invest in.
Last updated
: 2025.04.21
Related articles
GBP/USD surges above 1.3400 as threat to Fed's independence batters US Dollar
2025.04.21 20:02USD/CNY: Strong Q1 GDP growth, but challenges exist - MUFG
2025.04.21 18:44US and China: who will make the first move? - MUFG
2025.04.21 18:41USD weakness in focus this week - DBS
2025.04.21 18:31Markets spooked by Trump's interest in removing Powell - UBS
2025.04.21 18:27Eurozone: ECB cuts rates by 25 bps again - UOB Group
2025.04.21 18:24
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Gold extends its bull run on weak US Dollar, trade tensions
Gold price (XAU/USD) refreshes all-time highs to near $3,400 at the start of the week.
New
2025.04.21 20:21GBP/USD surges above 1.3400 as threat to Fed's independence batters US Dollar
The GBP/USD pair rallies to near 1.3400 during European trading hours on Monday, the highest level seen in seven months. The Cable strengthens as the US Dollar (USD) has been battered by the threat to the Federal Reserve's (Fed) independence after United States (US) President Donald Trump.
New
2025.04.21 20:02FXS Fed Sentiment Index remains in hawkish region as Fed independence comes under threat
The Federal Reserve (Fed) will enter the blackout period on April 26 before holding a two-day meeting on May 6-7. Markets widely expect the Fed to hold its policy rate unchanged, with the CME FedWatch Tool's probability of a 25 basis points (bps) at the May meeting holding around 10%.
New
2025.04.21 19:22USD/CNY: Strong Q1 GDP growth, but challenges exist - MUFG
Macro data released last week showed the government policy support has been generating positive impact on the economy. China's Q1 GDP delivered a strong growth of 5.4%yoy, above market expectations of 5.2%yoy.
New
2025.04.21 18:44US and China: who will make the first move? - MUFG
The past week continued to bring a lack of clarity on tariffs, including on how and whether the US and China will eventually come to the table to at least start to negotiate.
New
2025.04.21 18:41USD weakness in focus this week - DBS
The USD's weakness will likely be a key topic at the G20 Finance Ministers and Central Bank Governor Meeting on April 23-24 in Washington D.C., which will be part of the Spring Meetings of the IMF and the World Bank.
New
2025.04.21 18:31Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
New
2025.04.21 18:30Markets spooked by Trump's interest in removing Powell - UBS
US National Economic Council Director Hassett said US President Trump was investigating whether they could fire Federal Reserve Chair Powell. Investors seem less than happy with the idea of a politicized Fed--the US dollar and long-dated government bonds have weakened.
New
2025.04.21 18:27Eurozone: ECB cuts rates by 25 bps again - UOB Group
The European Central Bank (ECB) cut interest rates by 25 bps at its 17 April meeting. This is the seventh time since Jun 2025 that the central bank has lowered rates.
New
2025.04.21 18:24Silver Price Forecast: XAG/USD advances to near $33.00 due to renewed safe-haven demand
Silver price (XAG/USD) has recovered its losses registered in the previous session, trading near $32.80 per troy ounce during Monday's European session. The recovery in the grey metal is supported by renewed safe-haven demand amid a weakening US Dollar (USD).
New
2025.04.21 18:18Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
