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28 Mar 2014
GBP/JPY posts fifth daily gain in a row
FXStreet (Córdoba) - The GBP/JPY finished Friday and the week with strong gains, trading around 171.00, posting the fifth consecutive daily gain. Price rose more than 250 pips during the week. It started trading below 168.50 and peaked on Friday at 171.31.
While the Yen was among the worst performers during the week, the Pound was the opposite, outperforming other European currencies. On Friday, the Japanese currency plummeted across the board pushing the GBP/JPY sharply to the upside.
The pair soared after breaking above 170.00 and managed also to finish around 171.00 posting the highest daily close since March 11.
While the Yen was among the worst performers during the week, the Pound was the opposite, outperforming other European currencies. On Friday, the Japanese currency plummeted across the board pushing the GBP/JPY sharply to the upside.
The pair soared after breaking above 170.00 and managed also to finish around 171.00 posting the highest daily close since March 11.