We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
This website does not provide services to residents of United States.
Market News GBP/JPY Reclaims 186.00 On The Back Of UK Labor Data, Depreciating The Yen

GBP/JPY Reclaims 186.00 On The Back Of UK Labor Data, Depreciating The Yen

At 186.19, the GBP/JPY momentarily reached multi-week highs. The number of new positions in the United Kingdom increased, while unemployment remained unchanged. Tuesday sees widespread declines in the value of the Japanese yen.

TOP1 Markets Analyst
2024-01-17
9735

GBP:JPY 2.png 

 

On Tuesday, GBP/JPY surged to a new multi-week high above the 186.00 handle, accompanied by broad-market declines in the Japanese Yen (JPY) and a fleeting ascent of the Pound Sterling (GBP) on the charts following UK labor data indicating that more jobs were added in December compared to the previous month.

 

December's Claimant Count modification for the United Kingdom revealed 11.7K new unemployment benefits applicants, whereas November's initial estimate of 16,000 was drastically revised to just 600. The UK Claimant Count Change is notorious for late revisions after the fact, and when January's unemployment claims figures are released, markets will anticipate a downward revision similar to December's figure.

 

For the quarter ending in November, Average Hourly Earnings Including Bonuses decreased further than anticipated, closing at 6.5%, below the consensus estimate of 6.8% and a further decline from the prior quarter's 7.2%.

 

The Employment Change in the United Kingdom experienced a significant increase of 73K in November, surpassing the 50K recorded in October. This represents the highest net job gains for the United Kingdom since July of last year, when 102K were added.

 

Early Wednesday at 02:00 GMT, China is scheduled to release its Gross Domestic Product (GDP), Industrial Production, and Retail Sales figures, all of which will be of interest to market participants in the Pacific. In addition, a second set of GBP data containing UK Producer Price Index (PPI), Consumer Price Index (CPI), and Retail Price Index figures is released.

 

The Retail Price Index is anticipated to rise from -0.1% to 0.4% MoM for the same period, while the UK CPI is anticipated to rebound from -0.2% to 0.2% in December. Additionally, it is anticipated that the non-seasonally-adjusted PPI-Output for the year ending in December will rise from -0.2% to 0.4%.

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free