The GBP/JPY continues to climb with the Japanese Yen (JPY) continuing to get pushed into the floorboards by the Bank of Japan (BoJ) and its hyper-dovish policy stance.
The GBP/JPY is grinding towards 186.00 as Bank of Japan confirms dovish stance. BoJ to continue massive bond purchases despite new operations. GBP/JPY tips into a fresh 9-week high for Monday. BoJ Governor Ueda: Will continue massive bond buying even under new operation decided last week BoJ Governor Kazuo Ueda confirmed early Monday that the Japanese central bank will continue with its hyper-easy monetary policy stance.
UK BRC Life-For-Like Retail Sales for the year into October will print early Tuesday, forecast to tick down from 2.8% to 2.4%, and Pound Sterling traders will be keeping an eye out for Bank of England Governor Andrew Bailey who will be giving a speech at a conference on Wednesday. GBP/JPY Technical Outlook The GBP/JPY's push higher on Monday sets a new 9-week high for the pair, and the Guppy is set for a fresh challenge of the 186.00 handle. The GBP has gained 2.
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