British Pound Continues to Outperform, Japanese Yen Loses Ground.

The pound rose minutes after the Bank of England and remained the best performing currency ahead of the green and continued to weaken after the Japanese yen strengthened.

According to the minutes of the Bank of England, the pound remains the best performing currency on the back of the green and policymakers have a better view of the economy and could continue to follow last month's sell-off. GBP/USD is above 230 pps per day and has moved around 160% of its daily ATR and the lack of speed to break above 1.6650 could keep the pair from continuing to overbought and falling below 1.6600. However, as the pound continues to support the 100-day SMA (1.6354), we can see the pair continue to advance for the rest of the week, economists say Q3 GDP growth, up 2% from the three months to June and around 1.6700 in May. Enough in September to test short-term resistance.

USD/JPY is up for a second day, lagging the Japanese yen against the Canadian dollar and expected to gain weekly gains as the market recovers. However, after last week's dollar-to-dollar spike (91.33), the pair will continue to hold tight positions throughout the toast and may not have the speed to implement them. meeting. USD/JPY moved to slow growth earlier this month. However, with the Bank of Japan cautiously anticipating domestic activity and forecasting a headache for the region next year, growth concerns could fuel speculation about financial intervention, but global market conditions are weak.