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GBPJPY Technical Analysis

The BoE surprised at the last meeting delivering a 50 bps rate hike instead of the 25 bps expected. This move was justified by the higher-than-expected inflation figures the previous day and the really hot employment report prior to that. BoE’s Governor Bailey has also reiterated recently at the ECB forum that they will do what is necessary to bring inflation back to target and that they will remain data dependent. On the other hand, the BoJ remains stuck with its dovish monetary policy even if... Read More

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Gbpjpy

Technical

Analysis

Forex

Posted: Jul 5 2023, 06:52

Author Name: forexlive

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