by means of Shinichi Saoshiro
TOKYO (Reuters) - The pound superior to a six-month high towards the dollar on Thursday after the present day polls preferred Britain closing in the european Union, just hours earlier than referendum vote casting became because of open.
Polls with the aid of Com Res, conducted for the day by day Mail newspaper and ITV (LON:ITV) television, and with the aid of You Gov for The times newspaper in London, confirmed a final-minute upward thrust in assist for Britain to stay within the ecu.
reduced Brexit fears have helped sterling gain roughly three percentage so far this week, even though several poll outcomes had been too close to name a definitive outcome.
The pound was up 0.6 percentage at $1.4793 after touching $1.4847, its highest on the grounds that the beginning of the year.
A wait-and-see mood changed into predicted to succeed via the relaxation of the day, dotted by possible bouts of volatility, as markets nervously awaited the British ballot effects.
"it'll be tough for the market pass till the ballot consequences are released. The pound obviously will take middle level. however different european currencies and particularly dollar/yen additionally endure looking because the pair will reflect swings in danger sentiment," stated Shin Kadota, leader Japan FX strategist at Barclays (LON:BARC) in Tokyo.
The polling will take vicinity between 0600-2100 GMT on Thursday, with the consequences anticipated early on Friday.
ballot consequences might not be published at some stage in balloting hours however monetary market prices will be tormented by independent surveys conducted by some non-public establishments, analysts stated.
wide SWINGS EYED
The dollar became up zero.2 percent at 104.645 yen after shifting the day past in a narrow 104.855-104.310 variety.
The dollar has sagged in opposition to the yen after Tuesday's testimony by using Federal Reserve Janet Yellen was seen to have played down the probabilities of a U.S. interest rate growth in July.
The euro extended in a single day profits, growing zero.four percent to $1.1338 . A slight ebb in prospects of britain leaving the european has helped the not unusual currency.
Sterling climbed to a two-week high of 154.seventy five yen (GBPJPY=R). JPMorgan (NYSE:JPM) expects sterling would surge toward $1.fifty one and the dollar rally to around 108 yen if Britons opt to stay with the european. but it noticed the pound tank in the direction of $1.32 and dollar/yen retreat to round one hundred and one inside the occasion of a Brexit vote.
The secure-haven yen is concept probably to realize sharply on a Brexit, which might enhance the prospect of real market intervention by japanese government.
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