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GBPJPY Technical Analysis - Waiting for the BoE

The UK CPI missed expectations across the board and triggered a big repricing in interest rates expectations. In fact, the market was pricing a higher chance of a 50 bps hike prior to the report given the higher wages data in the previous UK employment report. Now, the market sees a higher chance that the BoE hikes by 25 bps today.On the other hand, the BoJ kept everything unchanged as expected but implicitly tweaked the YCC policy keeping the target band unchanged but giving more flexibility wi... Read More

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Gbpjpy

Technical

Analysis

Waiting

Forex

Posted: Aug 3 2023, 10:17

Author Name: forexlive

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