The GBP/JPY cross catches aggressive bids during the Asian session on Wednesday and touches an intraday high, around the 187.25 region in reaction to dovish remarks from the Bank of Japan (BoJ) official.
GBP/JPY rallies over 400 pips intraday after BoJ Deputy Governor Uchida’s remarks. A positive risk tone further undermines the safe-haven JPY and remains supportive. The lack of follow-through buying warrants caution before placing fresh bullish bets. The GBP/JPY cross catches aggressive bids during the Asian session on Wednesday and touches an intraday high, around the 187.25 region in reaction to dovish remarks from the Bank of Japan official.
0% last Thursday. This further makes it prudent to wait for strong follow-through buying before confirming that the GBP/JPY cross has bottomed out near the 180.00 mark, or its lowest level since January touched on Monday. Bank of Japan FAQs What is the Bank of Japan? The Bank of Japan is the Japanese central bank, which sets monetary policy in the country.
BOJ Riskappetite BOE Currencies
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/JPY draws spinning tops as BoJ and BoE loomGBP/JPY is in the process of drawing a second straight spinning top daily candle on Monday as Guppy traders await signals to move in either direction with rate decisions from both the Bank of Japan (BoJ) and the Bank of England (BoE) on the books for this week.
Read more »
GBP/JPY remains on the defensive below 198.00 amid expectations for BoJ rate hikeThe GBP/JPY cross loses ground around 197.75 during the early European session on Friday.
Read more »
GBP/JPY declines amid speculation of ongoing ‘Yenterventions’ from BoJGBP/JPY continued a pattern of sharp declines on Wednesday, tumbling over a full percent on the day as markets continue to suspect further direct intervention spending in an attempt to bolster the battered Yen.
Read more »
GBP/JPY IG Client Sentiment: Our data shows traders are now at their most net-long GBP/JPY since Dec 18 when GBP/JPY traded near 180.53.Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current GBP/JPY price trend may soon reverse lower despite the fact traders remain net-short.
Read more »
BoJ’s Uchida: We won't hike rates when markets are unstableBank of Japan (BoJ) Deputy Governor Shinichi Uchida expressed his view on the bank’s interest rate outlook, exchange value and the current market volatility.
Read more »
BoJ’s Kamiyama: BoJ wants to maintain accommodative monetary environment as much as possibleKazushige Kamiyama, a senior Bank of Japan (BoJ) official and the central bank’s Osaka branch manager, said on Thursday that the BoJ wants to maintain an accommodative monetary environment as much as possible, per Jiji News.
Read more »