⚡️The British Pound (GBP) and Yen (JPY) both failed to find momentum to launch the charts for the new trading week.
⚡️The GBP has struggled to find support across the charts after the Bank of England (BoE) kept interest rates steady last week in a split vote, and the end of the cycle appeared likely. The UK's interest rate hike has come much sooner than many analysts predicted. With the UK's domestic economy teetering on fundamental data, the BoE is hoping interest rates are high enough to keep inflation at bay going forward.
⚡️On the JPY side, Bank of Japan (BoJ) Governor Kazuo Ueda and Deputy Governor Shinichi Uchida caused a stir on Monday. BoJ officials downplayed any hawkish expectations, reiterating the BoJ's policy stance that inflation is at risk of falling below 2%, the Japanese central bank's minimum target before reversing regimes. BoJ's negative interest rates may be considered.
⚡️Before the pair finds support, the downtrend is likely to continue.
⚡️The GBP has struggled to find support across the charts after the Bank of England (BoE) kept interest rates steady last week in a split vote, and the end of the cycle appeared likely. The UK's interest rate hike has come much sooner than many analysts predicted. With the UK's domestic economy teetering on fundamental data, the BoE is hoping interest rates are high enough to keep inflation at bay going forward.
⚡️On the JPY side, Bank of Japan (BoJ) Governor Kazuo Ueda and Deputy Governor Shinichi Uchida caused a stir on Monday. BoJ officials downplayed any hawkish expectations, reiterating the BoJ's policy stance that inflation is at risk of falling below 2%, the Japanese central bank's minimum target before reversing regimes. BoJ's negative interest rates may be considered.
⚡️Before the pair finds support, the downtrend is likely to continue.
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⚡️The Pound Sterling continues to sag against the Yen in the short-term, down over 2.5% from August's peak
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⚡️ Everything is in my plan
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⚡️ Continuing downtrend
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⚡️ The GBP/JPY is down nearly 80 pips heading into the Wednesday market session, with the Pound Sterling (GBP) continuing to flag against the Japanese Yen (JPY). The pair is down almost 1.3% from last week's peak, and in the red over 3.0% from August's peak of 186.77.
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⚡️The GBP/JPY is stuck in familiar levels after a quiet early half of the trading week. Bearish correction in the Guppy is struggling to develop meaningful momentum.
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⚡️GBP/JPY terus bergelut untuk menolak ke mana-mana arah dan telah dihadkan antara tahap utama 182.00 dan 181.00 sepanjang minggu lalu walaupun jatuh 1.7% pada bulan September.
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⚡️ great, everything went to plan.
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⚡️Despite Japanese inflation printing above the Bank of Japan's (BoJ) 2% target, the BoJ is concerned about inflation sinking below target in a projected slowdown for Japanese price growth, and the Japanese central bank will be looking for evidence that inflation is anchoring in longer-term before reversing its negative rate policy regime.
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The plan is working
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⚡️ The GBP/JPY sees up-and-down action to cap off the trading week.
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⚡️ The plan is working
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⚡️ Pound Sterling prints fresh six-month low after short-lived pullback as UK slowdown fears remain intact.
