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GBPJPY Technical Analysis - The market needs more data to pick a direction

The BoE hiked by 25 bps as expected as the UK CPI missed expectations across the board and UK employment report showed a mixed picture with both the unemployment rate and wage growth higher. The central bank seemed to be leaning more on the less hawkish side as a key line in the statement was tweaked to indicate the propensity for a “higher for longer” stance rather than a “higher-er for longer” one. On the other hand, the BoJ kept everything unchanged as expected but implicitly tweaked the YCC... Read More

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Gbpjpy

Technical

Analysis

Market

Needs

Data

Pick

Direction

Forex

Posted: Aug 9 2023, 07:33

Author Name: forexlive

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