GBPJPY Breakdown (13 May 2020)

Title : GBPJPY Breakdown (May 13, 2020)

Broker : Tickmill

Description : GBPJPY Daily Outlook – On Tuesday China announced new tariff waivers for some U.S. imports, the Fed said it will be starting its long-awaited corporate bond program, while the U.S. consumer prices in April dropped by the most since the Great Recession. The UK will continue paying wages to out-of-work employees until the end of October, and a key economic indicator in Japan fell at the fastest pace since 2011 in March and the government warned of a deep recession as the coronavirus crisis takes a heavy toll on business activity and consumer spending.

Tickmill is a trading name of Tickmill Ltd, a member of Tickmill Group, which is regulated by the Seychelles Financial Services Authority (FSA). Tickmill provides premium trading products and services with transparency and innovative technology. With a proven track record of strong financial results and stable growth, Tickmill has put itself in an enviable position as a trusted market leader and innovator.