GBP/JPY Long Opportunity
The Bank of England (BoE) has maintained a hawkish stance, raising interest rates to combat inflation. In contrast, the Bank of Japan (BoJ) has kept its monetary policy accommodative, with ultra-low interest rates. This significant interest rate differential creates a strong incentive for investors to borrow Yen at low rates and invest in higher-yielding Pound-denominated assets, increasing demand for the Pound and pushing GBP/JPY higher. The BoJ's accommodative monetary policy and its efforts to weaken the Yen for export competitiveness could further fuel the rise of GBP/JPY.
First Target 200
second target 213.09
Stop loss at 183.73
First Target 200
second target 213.09
Stop loss at 183.73
Trade closed manually
more sell pressure
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.