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Forex pairs in this Article » GBP/USD, USD/JPY
FXStreet (Bali) - Greg Gibbs, FX Trading Strategist at RBS, shares his views on the currency market for Thursday.

Key Quotes

"Contagion from political unrest broadly to EM and commodity currencies indicates fragility. The market remains more highly attuned to downside risks in China tending to react more to negative developments."

"GBP held up too well on another weaker than expected report and modest rise in US yields after FOMC minutes, suggesting keeping with it for now, but keeping a tight reign on longs. However, it should continue to perform against EM currencies. A very poor Japan trade report highlights risks to downside in JPY if EM tensions ease."
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