Forex traders will continue to follow Brexit developments after the UK Parliament delayed a vote on Saturday which forced PM Johnson to ask the EU for a delay. He sent a delay request, but didn’t sign it. This was followed by a signed letter stating he doesn’t want a delay. On the economic front, monthly Rightmove House Prices came in much stronger then expected. How will the confusion impact price action in the GBPJPY today? Today’s fundamental analysis will take a look at price action in both directions.

The latest confirmation that the global economy continues to falter came out of Japan which reported a much bigger than expected contraction in exports while imports decreased slightly less than anticipated. The All Industry Activity Index came in flat which missed expectations for an increase, but the Japanese Yen maintained its position as global risk factors are on the rise. How will the GBPJPY trade through the Brexit uncertainty? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.