17 Aug 2015
GBP/JPY in positive territory, eyes 195 and bearish gap
FXStreet (Guatemala) - GBP/JPY is currently trading at 194.69 with a high of 194.71 and a low of 194.41.
GBP/JPY is slightly bid in the open of the week with Sterling getting a little boost from weekend news with BoE's Forbes suggesting that a rate hike is needed well before inflation reaches the 2% target and evidence alone that data points towards the target being met is sufficient. From Japan, we await the BoJ decision this week while we have already seen the GDP decline due to weak exports, as explained by Japan's economic minister, Amari.
GBP/JPY is slightly bid in the open of the week with Sterling getting a little boost from weekend news with BoE's Forbes suggesting that a rate hike is needed well before inflation reaches the 2% target and evidence alone that data points towards the target being met is sufficient. From Japan, we await the BoJ decision this week while we have already seen the GDP decline due to weak exports, as explained by Japan's economic minister, Amari.