Spotted an opportunity and grabbed hold of a twinkle in the sky. Japanese yen is well known for being a safe haven currency. Upcoming this week is a list of macroeconomic data out of Japan such as the Eco Watchers Survey tool which adds anticipation to yen. On the other hand, GBP is under pressure after the release of a concerning survey the Chartered Institute of Personnel and Development CIPD indicating that a third of UK employers are considering layoffs. Geopolitical risk is also weighing on the Pound.
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