GBPJPY week 39
Updated
⚡️GBP/JPY is trying to break below 181.50, GBP/JPY trading into the 181.50 handle, on the low side for the week.
⚡️The Pound Sterling lost ground across the board this week after a dovish twist from the BoE. The BoJ continues to maintain their easy monetary policy stance.
⚡️The GBP/JPY is ticking into the south side of the 181.50 handle after the Pound Sterling (GBP) failed to recover any meaningful ground from Thursday's backslide. The Guppy is down almost a full percentage point this week.
⚡️The Bank of England (BoE) struck a notably dovish tone this Thursday, standing pat on its benchmark interest rate after inflation data for the UK came in much softer than expected earlier this week. The BoE is holding its reference rate at 5.25% for the time being, and it's increasingly looking like a 'none and done' scenario for the UK's rate hike cycle.
⚡️The Bank of Japan (BoJ) also held its main policy rate, maintaining a negative rate regime at -0.1%. The BoJ is keeping steady on its hyper-easy monetary policy mechanisms, and the BoJ is determined to try and keep Japanese inflation up above the 2% mark.
⚡️Japanese inflation is currently riding on the high end of policymakers' target level, but Japanese inflation is broadly expected to plummet in the coming months, and the BoJ is not in a rush to start reversing their negative rate policy until the central bank is assured that inflation will remain above their minimum target.
⚡️The Pound Sterling lost ground across the board this week after a dovish twist from the BoE. The BoJ continues to maintain their easy monetary policy stance.
⚡️The GBP/JPY is ticking into the south side of the 181.50 handle after the Pound Sterling (GBP) failed to recover any meaningful ground from Thursday's backslide. The Guppy is down almost a full percentage point this week.
⚡️The Bank of England (BoE) struck a notably dovish tone this Thursday, standing pat on its benchmark interest rate after inflation data for the UK came in much softer than expected earlier this week. The BoE is holding its reference rate at 5.25% for the time being, and it's increasingly looking like a 'none and done' scenario for the UK's rate hike cycle.
⚡️The Bank of Japan (BoJ) also held its main policy rate, maintaining a negative rate regime at -0.1%. The BoJ is keeping steady on its hyper-easy monetary policy mechanisms, and the BoJ is determined to try and keep Japanese inflation up above the 2% mark.
⚡️Japanese inflation is currently riding on the high end of policymakers' target level, but Japanese inflation is broadly expected to plummet in the coming months, and the BoJ is not in a rush to start reversing their negative rate policy until the central bank is assured that inflation will remain above their minimum target.
Note
⚡️The Bank of Japan (BoJ) also held its main policy rate, maintaining a negative rate regime at -0.1%. The BoJ is keeping steady on its hyper-easy monetary policy mechanisms, and the BoJ is determined to try and keep Japanese inflation up above the 2% mark.Note
⚡️GBP/JPY sells-off on BoJ sentiment ahead of Friday's meeting. GBP/JPY drops into a potentially strong area of support in the 177.70/90s as per the hourly structure.Note
⚡️Intervention fears, China's economic woes benefit the JPY and act as a headwind for the cross. The BoE’s surprise pause contributes to cap, though the BoJ’s dovish stance limits the downside.Trade active
Note
⚡️The Pound Sterling continues to sag against the Yen in the short-term, down over 2.5% from August's peakTrade active
Note
⚡️Everything is in my planNote
continuing downtrend
Note
⚡️ 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.Note
⚡️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.Note
⚡️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.Trade active
Note
⚡️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.Note
Trade closed: target reached
Note
⚡️ Japan inflation continues to weaken, UK sees upside GDP surprise.Trade active
Trade active
Trade active
Note
⚡️Everything is going according to plan
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