Nordea recommends to sell pound against the yen

The British currency remained under pressure across the whole spectrum of the market, while paired with yen this helps the overall strengthening of the latter against the backdrop of rising tensions in the equity markets, and now the pound / yen traded around Y154.39. Bulls managed to find support around Y154.20, but currency strategi Nordea sees risks preserving the dynamics of a pair of negative and point out that growth is now trying to use to find opportunities for sales. The bank previously opened a short position of the foot, at Y155.63 from Y160.50, and the original intent of the area Y148.00.