GBP/JPY sticks to gains near weekly high, just below 164.00 mark ahead of UK budget – by hareshmenghani GBPJPY RiskAppetite BOJ BOE Currencies
on for the second successive day on Wednesday. The momentum lifts spot prices to a fresh weekly high during the first half of the European session, though bulls seem to struggle to find acceptance above the 164.00 round figure.
A combination of factors continues to weigh heavily on the Japanese Yen , which, in turn, is seen acting as a tailwind for the GBP/JPY cross. Market participants seem convinced that the Bank of Japan will stick to its dovish stance to support the fragile domestic economy. In fact, the incoming BoJ Governor Kazuo Ueda recently stressed the need to maintain the ultra-loose policy settings and said that the central bank isn't seeking a quick move away from a decade of massive easing.
Investors turned optimistic amid easing fears about a broader systemic crisis from the sudden collapse of Silicon Valley Bank . This led to the overnight relief rally on Wall Street and is evident from a stable performance around the European equity markets. That said, the BoJ meeting minutes released earlier this Wednesday showed that policymakers debated the feasibility of making further tweaks to the bond yield control in January.
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 gains traction on risk-on mood, with traders eyeing BoJ Minutes, UK’s budgetGBP/JPY gains traction on risk-on mood, with traders eyeing BoJ Minutes, UK’s budget – by christianborjon GBPJPY Crosses Macroeconomics Technical Analysis
Read more »
Shiba Inu: Million Businesses Can Now Accept SHIB, Swap for 160 Currencies via This SolutionShiba Inu: new partnership enables millions of businesses to accept, swap SHIB $SHIB ShibArmy SHIBCommunity
Read more »
Remains of 160 people found in Bay Area cremation warehouseSan Francisco Bay Area officials are working to identify the families of 160 people whose remains were found in a warehouse used by a cremation business whose license was suspended
Read more »
GBP/JPY sees an upside above 163.00 ahead of UK EmploymentThe GBP/JPY pair is gauging an intermediate cushion above 162.00 in the early Asian session after sensing restrictions in the upside momentum above 16
Read more »
GBP/JPY jumps back closer to mid-162.00s, bulls flirt with the key 200-day SMAThe GBP/JPY cross builds on the previous day's goodish rebound from the 160.00 psychological mark, or a one-month low and gains some follow-through tr
Read more »
Bodies, cremated remains of at least 154 people found in warehouse linked to unlicensed California mortuaryCalifornia authorities discovered 160 sets of remains stored improperly in a warehouse linked to an unlicensed cremation and mortuary company this week.
Read more »