New Zealand ANZ Commodity Price: -2.2% (May) vs -4%

FXStreet.com (Barcelona)

Jun 4, 2014

GBP/JPY sitting at highs on trend line

GBP/JPY is trading at 171.70, having posted a daily high at 171.84 and low at 171.58.

Yujiro Goto, FX Strategist at Nomura, notes that the latest news on the GPIF front should limit the downside risks in USD/JPY.