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GBP/JPY at 3-1/2 year lows, probably the worst affected cross, dives over 13pct on the day

Friday, June 24, 2016 3:45 AM UTC

The odds of a 'Brexit' rising with every passing hour, markets now probably price in an exit scenario.
GBP/JPY cross continues to face double whammy from both a strengthening yen and a miserably shattered GBP.
The pair down over 13% on the day, hits three and half year lows at 135.05 before paring some losses to currently trade around 137 levels.
Demand rising for safe haven yen, heightened Brexit fears are pushing the regional safe haven Yen higher.
Japanese finance minister Taro Aso has called in a news conference at 0415 GMT. Aso could talk on the likelihood of intervention, with BOJ expected to intervene to stall the yen’s rise.

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GBP/JPY at 3-1/2 year lows, probably the worst affected cross, dives over 13pct on the day

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