Select Language

GBP/JPY slides to 199.25, one-week low amid modest JPY strength, UK fiscal concerns

Breaking news

GBP/JPY slides to 199.25, one-week low amid modest JPY strength, UK fiscal concerns

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.09.30 14:32
GBP/JPY slides to 199.25, one-week low amid modest JPY strength, UK fiscal concerns

update 2025.09.30 14:32

  • GBP/JPY turns lower for the second straight day amid the emergence of some JPY buying.
  • Concerns about the UK's fiscal situation and the BoE's dovish tilt also weigh on the cross.
  • A weaker USD benefits the GBP and could support spot prices amid a positive risk tone.

The GBP/JPY cross attracts fresh sellers following an Asian session uptick to the 199.75-199.80 region and turns lower for the second straight day on Tuesday. Spot prices slide to a one-week low, around the 199.30-199.25 area in the last hour, though the downtick lacks bearish conviction amid mixed cues.

The Summary of Opinions from the Bank of Japan's (BoJ) September policy meeting showed that board members debated the feasibility of raising interest rates in the near term. This, to a larger extent, overshadows the disappointing release of Industrial Production figures and Retail Sales data from Japan, and provides a modest lift to the Japanese Yen (JPY), which, in turn, is seen as a key factor exerting some pressure on the GBP/JPY cross.

The British Pound (GBP), on the other hand, continues with its relative underperformance amid concerns over the UK's fiscal outlook ahead of the Autumn budget in November. Moreover, the Bank of England (BoE) Governor Andrew Bailey's dovish remarks last week, saying that there will be further reductions in the bank rate, mark a significant divergence in comparison to the BoJ's hawkish outlook and weigh on the GBP/JPY cross.

However, a weaker US Dollar (USD) offers some support to the GBP. Furthermore, a generally positive risk tone keeps a lid on any meaningful appreciation for the safe-haven JPY and helps limit the downside for the GBP/JPY cross. Hence, it will be prudent to wait for strong follow-through selling before positioning for an extension of the recent pullback from the 201.25 area, or the highest level since July 2024, touched earlier this month.

Japanese Yen Price Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.04% -0.06% -0.27% 0.00% -0.44% -0.23% -0.09%
EUR 0.04% -0.05% -0.23% 0.02% -0.41% -0.19% -0.03%
GBP 0.06% 0.05% -0.16% 0.08% -0.38% -0.14% 0.01%
JPY 0.27% 0.23% 0.16% 0.23% -0.18% 0.20% 0.20%
CAD -0.00% -0.02% -0.08% -0.23% -0.45% -0.20% -0.07%
AUD 0.44% 0.41% 0.38% 0.18% 0.45% 0.22% 0.39%
NZD 0.23% 0.19% 0.14% -0.20% 0.20% -0.22% 0.17%
CHF 0.09% 0.03% -0.01% -0.20% 0.07% -0.39% -0.17%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).


Date

Created

 : 2025.09.30

Update

Last updated

 : 2025.09.30

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

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 Price Forecast: XAU/USD stays close to fresh highs above $3,850

Gold price (XAU/USD) continues its winning streak for the fifth successive session, hovering, during the Asian hours on Wednesday, around its fresh all-time high of $3,871 per troy ounce, which was recorded on Tuesday.
New
update2025.10.01 10:14

USD/CHF Price Forecast: Holds 0.7939 support, eyes 0.8000 recovery

The USD/CHF consolidates at around the 20-day Simple Moving Average (SMA) at 0.7955 down 0.05% as Wednesday's Asian Pacific session begins. The technical picture shows that the pair might bottom at around current levels, despite refreshing yearly lows in mid-September at 0.7829.
New
update2025.10.01 08:16

EUR/USD steadies as shutdown fears weigh on Dollar

EUR/USD holds firm on Tuesday during the North American session, although the Dollar weakens due to fears of a possible government shutdown that could disrupt the release of crucial jobs data for Fed officials. At the time of writing, the pair trades at 1.1735 up a modest 0.05%.
New
update2025.10.01 07:56

GBP/USD finds uneasy gains ahead of US government shutdown

GBP/USD caught a slight lift on Tuesday, creeping into the 1.3450 region and tilting into a third straight bullish session.
New
update2025.10.01 07:30

Gold advances as shutdown looms, weak US data fuels rate cut bets

Gold climbs during the North American session on Tuesday yet remains below the record high hit in the Asian session of $3,871. Amid fears of a US government shutdown, jobs data reaffirmed expectations of rate cuts by the Federal Reserve (Fed). XAU/USD trades at $3,846, up 0.35%.
New
update2025.10.01 04:29

Canadian Dollar middles as investor sentiment slows to a crawl

The Canadian Dollar (CAD) held mostly in place on Tuesday, with market flows broadly drawing down as the US government careens into a funding shutdown.
New
update2025.10.01 04:09

Fed's Collins warns that rate cuts will follow, but only if the economy meets expectations

Federal Reserve (Fed) Bank of Boston President Susan Collins warned that the Fed could have room to continue interest rate cuts, but only if economic conditions remain on-balance.
New
update2025.10.01 03:59

Fed's Goolsbee says short government shutdowns are okay

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Tuesday that "short" government shutdowns tend to have a limited impact on the broader economy. The statements come at a time when the US government is barreling into a funding gap and subsequent shutdown.
New
update2025.10.01 03:48

USD/JPY slides as US shutdown fears boost Yen's safe-haven appeal

The Japanese Yen (JPY) gains traction against the US Dollar (USD) on Tuesday, with USD/JPY extending losses for a third straight day as the looming United States (US) government shutdown weighs on the Greenback and bolsters safe-haven demand for the Yen.
New
update2025.10.01 03:36

Dow Jones Industrial Average slow bleeds as government shutdown looms

The Dow Jones Industrial Average (DJIA) saw a slow bleed on Tuesday, shedding around 150 points as investors braced ahead of what is likely to be a federal government shutdown.
New
update2025.10.01 02:46

Disclaimer:arw

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.

  • Facebook
  • Twitter
  • LINE

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

I agree
share
Share
Cancel