Fxstreet.com (Barcelona) - GBP is rising against JPY in the American session and the pair has risen around 100 pips in the last hour to climb up above 142.00.
Today, the pair has risen 2.45% from the 138.89 opening price. Currently, GBP/JPY is trading around 142.15/25.
According to Valeria Bednarik, FXstreet.com collaborator: JPY falls heading for its biggest quarterly loss since 2001, on concern a Bank of Japan report tomorrow will show business confidence slumped to a 30-year low. End of fiscal year in Japan today is also playing it's role, and the currency seems ready to slowly continue actual depreciation to what the government consider more logical levels. Macroeconomic news are also disappointing as the jobless rate jumped to a three-year high, damping demand for the currency.