FXstreet.com (Barcelona) - The British pound has been pressured lower against the Japanese yen over New York, due to an appreciation by the yen as equities slid on Wall Street. The pair reached a minimum in 135.91 ahead of close, and has since consolidated to the upside.

The pound’s three day rally against the yen ended as the pair violently reversed on the back of a broader flight to safety. A sharp fall in U.S. consumer confidence fueled building risk aversion leading to across the board yen gains.