FXstreet.com (San Francisco) - GBP/JPY continues to test and probe support at the 123.00 psychological figure, having done so for the past two weeks. Most recently, the pairing has fallen to as low as 122.95 in Asia, but encountered bids as bulls remain poised to defend the handle.
At the time of writing, GBP/JPY trades around 10 pips below its opening price this Wednesday, last at 123.12. Tomorrow, the Bank of Japan (BoJ) will announce its July interest rate decision and will deliver its official monetary policy statement; BoJ Governor Shirakawa continues to fan flames of a possible announcement from the central bank of more easing as he continues to use the term ‘powerful easing’ in reference to monetary policy.
At the time of writing, GBP/JPY trades around 10 pips below its opening price this Wednesday, last at 123.12. Tomorrow, the Bank of Japan (BoJ) will announce its July interest rate decision and will deliver its official monetary policy statement; BoJ Governor Shirakawa continues to fan flames of a possible announcement from the central bank of more easing as he continues to use the term ‘powerful easing’ in reference to monetary policy.
