GBP/JPY SHORT "break of structure + 72% fib retracement "
- strong Japanese Yen cause of BoJ rate hike expectations.
- strong Japanese Yen cause of BoJ rate hike expectations.
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BoJ Rate Hike Bets and Hawkish Sentiment: The focus on potential Bank of Japan (BoJ) rate hikes and the improved sentiment regarding BoJ policymakers' stance on wage growth and inflation suggest a possible shift towards tighter monetary policy. This hawkish sentiment could lead to increased buying interest in the Japanese Yen, indicating a bearish outlook for GBP/JPY.