GBP/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.
GBP/JPY gets comfortable near 198.00 as Guppy traders wait for a reason to move. BoJ and BoE rate calls due this week, UK rate cut expected. JPY traders on the lookout for signs of a shift from BoJ, confirmation of “Yenterventions”. GBP/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 and the Bank of England on the books for this week.
It is the fourth most traded unit for foreign exchange in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, aka ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders , and EUR/GBP . The Pound Sterling is issued by the Bank of England .
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 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 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 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 »
Week ahead: Fed, BoE, and BoJ claims spotlightThe financial markets will be exceptionally busy this week, with the US Federal Reserve (Fed) taking centre stage.
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 »
GBP/JPY continues march towards 205.00 as Yen declines extendGBP/JPY drifted into yet another 16-year high on Tuesday, peaking near 204.85 as the pair continues to grind towards 205.00.
Read more »