The GBP/JPY cross remains firm below the 193.00 barrier during the early European trading hours on Wednesday.
GBP/JPY holds positive ground near 192.80 after the downbeat UK February inflation data. The UK CPI rose 3.4% YoY in February vs. 3.6% estimated. The dovish hike from the BoJ weighs on the JPY against the GBP. The BoE interest rate decision on Thursday will be a closely watched events The downbeat UK Consumer Price Index inflation data for February did not impact the Pound Sterling against the Japanese Yen .
The BoE governor Andrew Bailey said after the February meeting that the UK central bank saw good news on inflation over the past few months, but policymakers need to see more evidence that inflation is on the course to the 2 % target before BoE can lower interest rates. On Tuesday, the Bank of Japan decided to raise the interest rate by 10 basis points from -0.1% to 0% for the first time since 2007, as widely anticipated.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Sterling Outlook: GBP/USD, EUR/GBP, GBP/JPY Setups Ahead of CPISterling remains one of the better performers against the dollar this year with the BoE less dovish than the Fed – something that could improve its interest rate differential
Lire la suite »
Japanese Yen Analysis & Setups: USD/JPY, EUR/JPY, GBP/JPYThis article provides an in-depth analysis of the technical outlook for USD/JPY, EUR/JPY, and GBP/JPY, dissecting key resistance and support levels crucial for strategic risk management in position building.
Lire la suite »
Japanese Yen Forecast: Brighter Days Ahead; Setups on USD/JPY, EUR/JPY, GBP/JPYThis article examines the technical outlook for USD/JPY, EUR/JPY, and GBP/JPY, discussing important price thresholds worth keeping an eye on over the next few trading sessions.
Lire la suite »
GBP/JPY stuck into 189.00 but leaning into the upsideGBP/JPY saw a thin rally on Wednesday, testing into 189.50 before wrapping up the midweek trading session near the 189.00 handle.
Lire la suite »
Japanese Yen Outlook & Market Sentiment: USD/JPY, EUR/JPY, GBP/JPYThis article provides an in-depth examination of retail sentiment on the Japanese yen across three key FX pairs: USD/JPY, EUR/JPY and GBP/JPY, exploring potential scenarios based on contrarian signals.
Lire la suite »
GBP/JPY Price Analysis: Pulling back within Broadening formationGBP/JPY appears to be forming a bearish Ascending Broadening Wedge formation.
Lire la suite »