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GBPJPY Technical Analysis
Considering today’s hot CPI report and the recent incredibly strong Employment report with high wage growth, the Bank of England (BoE) will continue to raise interest rates in order to address one of the highest inflation rates among the major economies. On the other hand, the Bank of Japan (BoJ) is expected to maintain its accommodative monetary policy, which has played a big role in the significant depreciation of the Japanese Yen (JPY) over the past two years. This divergence in monetary poli...
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Posted: Jun 21 2023, 12:04
Author Name: forexlive
Views: 110266