Strong growth of the British pound and the continuing depreciation of the yen

On Tuesday, the pound rose against the background of renewed risk appetite, given that today Theresa May is expected to officially become prime minister of Britain and it virtually eliminates one of the obscure elements about the political situation in the UK.
The pair GBP/USD rose by + 1.98%, ending the day at a level of 1.3245 dollars per pound. The Governor of the Bank of England Mark Carney dismissed charges that the bank's independence was compromised when he and his team had addressed warnings about the serious consequences of Brexit.
USD/JPY continued on Tuesday its strong upwards trend, adding  + 1.85%, and closed the day at a level of 104.68 yen per dollar.
The president of the Federal Reserve of St. Louis - James Bullard said, that the result of the referendum in the UK will have no lasting effect on the US economy. According to him, the decline in government bond yields is not a warning about the prospects for growth. He said he still expects an increase in interest rates in the foreseeable future.