

others
GBP/JPY remains flat below the 183.00 mark, BoE, BoJ rate decision eyed – Crypto News
- GBP/JPY hovers around 182.86, gaining 0.05% on the day ahead of the key events.
- Traders anticipate that the Bank of England (BoE) to raise the rate to 5.5% from 5.25% at Thursday’s meeting.
- BOJ is anticipated to hold its short-term rate target of -0.1% and its 10-year bond yield target of around 0%.
- Investors will monitor the BoE, BoJ monetary policy meeting this week.
The GBP/JPY cross oscillates in a narrow range below the 183.00 area during the early European session on Tuesday. Markets participants await the Bank of England (BoE) interest rate decision on Thursday ahead of the Bank of Japan (BoJ) meeting on Friday. These key events could trigger the volatility in the market. The cross currently trades around 182.91, up 0.07% on the day.
Traders anticipate that the Bank of England (BoE) will raise the rate to 5.5% from 5.25% at Thursday’s meeting. The UK economic data last week supported Governor Andrew Bailey’s statement this month that the BoE is much closer to ending its tightening cycle. Furthermore, the fear of recession from aggressive rate hikes could exert pressure on the BoE to halt its rate-hiking cycle.
On the Japanese Yen front, BoJ would rather wait until there is more clarity on whether Japan’s fragile economy can withstand the impact of slowing US and Chinese demand. BoJ Governor Kazuo Ueda stated last week that the central bank could exit its negative interest rate policy when its inflation target of 2% is near and they would have sufficient evidence by the end of the year to evaluate whether interest rates should stay negative.
At Friday’s meeting, the BOJ is largely anticipated to maintain its short-term interest rate target of -0.1% and its 10-year bond yield target of around 0%. Markets are waiting to see whether Governor Kazuo Ueda will provide any new signals about the timing of a policy move at his press conference after the meeting.
Later this week, the UK Consumer Price Index for August will be released on Wednesday. Market players will shift their attention to the BoE and BoJ monetary policy meetings on Thursday and Friday, respectively. Traders will take cues from these events and find trading opportunities around the GBP/JPY cross.
-
others1 week ago
Skies are clearing for Delta as stock soars 13% on earnings beat – Crypto News
-
others1 week ago
Skies are clearing for Delta as stock soars 13% on earnings beat – Crypto News
-
Blockchain1 week ago
Insomnia Labs Debuts Stablecoin Credit Platform for Creators – Crypto News
-
Blockchain1 week ago
Ant Group Eyes USDC Integration Circle’s: Report – Crypto News
-
Cryptocurrency5 days ago
Whale Sells $407K TRUMP, Loses $1.37M in Exit – Crypto News
-
Cryptocurrency1 week ago
Tornado Cash Judge Won’t Let One Case Be Mentioned in Roman Storm’s Trial: Here’s Why – Crypto News
-
Blockchain1 week ago
XRP Rally Possible If Senate Web3 Crypto Summit Goes Well – Crypto News
-
others1 week ago
USD/CAD trades with positive bias below 1.3700; looks to FOMC minutes for fresh impetus – Crypto News
-
Blockchain1 week ago
Kraken and Backed Expand Tokenized Equities to BNB Chain – Crypto News
-
others1 week ago
EUR/GBP posts modest gain above 0.8600 ahead of German inflation data – Crypto News
-
Cryptocurrency1 week ago
Bitcoin Breaks New Record at $111K, What’s Fueling the $120K Price Target? – Crypto News
-
Technology1 week ago
XRP Eyes $3 Breakout Amid Rising BlackRock ETF Speculation – Crypto News
-
Business1 week ago
PENGU Rallies Over 20% Amid Coinbase’s Pudgy Penguins PFP Frenzy – Crypto News
-
Blockchain5 days ago
Robinhood Dealing With Fallout of Tokenized Equities Offering – Crypto News
-
Cryptocurrency1 week ago
Is ETH Finally Ready to Shoot For $3K? (Ethereum Price Analysis) – Crypto News
-
Blockchain1 week ago
Binance Founder Backs BNB Treasury Company Aiming For US IPO – Crypto News
-
Blockchain1 week ago
Ethereum Bulls Roar — $3K Beckons After 5% Spike – Crypto News
-
Blockchain1 week ago
Australia Banks Join Digital Currency Trial for Tokenized Assets – Crypto News
-
Business1 week ago
Did Ripple Really Win XRP Lawsuit Despite $125M Fine? Lawyer Fires Back at CEO – Crypto News
-
Cryptocurrency1 week ago
XRP price forecast as coins surges 2.19% to $2.33 – Crypto News
-
Metaverse1 week ago
How Brands Can Deepen Customer Connections in the Metaverse – Crypto News
-
Technology1 week ago
Perplexity launches Comet, an AI-powered browser to challenge Google Chrome; OpenAI expected to enter the space soon – Crypto News
-
Blockchain1 week ago
SUI Chart Pattern Confirmation Sets $3.89 Price Target – Crypto News
-
Technology1 week ago
Breaking: SharpLink Purchases 10,000 ETH from Ethereum Foundation, SBET Stock Up 7% – Crypto News
-
others1 week ago
EUR/GBP climbs as weak UK data fuels BoE rate cut speculation – Crypto News
-
Blockchain1 week ago
Bitcoin Hits All-Time High as Crypto Legislation Votes Near – Crypto News
-
others1 week ago
Australian Dollar remains stronger due to persistent inflation risks, FOMC Minutes eyed – Crypto News
-
others1 week ago
US Dollar Resurgence May Be Around the Corner, According to Barclays Currency Strategist – Here’s Why: Report – Crypto News
-
others1 week ago
Trump Jr. Backed Thumzup Media To Invest In ETH, XRP, SOL, DOGE And LTC – Crypto News
-
Technology1 week ago
Google’s worst nightmare? OpenAI’s new AI web browser is coming soon to challenge Chrome – Crypto News
-
Cryptocurrency1 week ago
Bitcoin Hits Record Peak. How High Can It Surge in 2025? – Crypto News
-
Technology1 week ago
VC Firm Ego Death Capital Closes $100M Funding to Back Bitcoin-Based Projects – Crypto News
-
Cryptocurrency1 week ago
Tokenized Securities Are Still Securities, US SEC Warns Robinhood, Kraken – Crypto News
-
others1 week ago
NovaEx Launches with a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure – Crypto News
-
others1 week ago
Anthony Scaramucci Says $180,000 Bitcoin Price Explosion Possible As BTC ‘Supremacy’ Creeps Up – Here’s His Timeline – Crypto News
-
Cryptocurrency1 week ago
Bitcoin Breaks New Record at $111K, What’s Fueling the $120K Price Target? – Crypto News
-
Business1 week ago
US Senate To Release CLARITY Act Draft Next Week – Crypto News
-
others1 week ago
$687,220,000 in Bitcoin Shorts Liquidated in Just One Hour As BTC Explodes To $116,000 – Crypto News
-
Business1 week ago
S&P Global Downgrades Saks Global’s Credit Rating – Crypto News
-
Cryptocurrency4 days ago
Satoshi-Era Bitcoin Whale Moves Another $2.42 Billion, What’s Happening? – Crypto News
-
Technology1 week ago
10 Smartchoice tablets from top brands, curated for everyday use, up to 45% off before Amazon Prime Day Sale – Crypto News
-
others1 week ago
China’s Ant Group With 1.4B Users Taps Circle to Integrate USDC – Crypto News
-
De-fi1 week ago
Ousted Movement Labs Co-Founder Sues Startup in Delaware Court – Crypto News
-
Business1 week ago
XRP Set for Big Week as ProShares ETF Launches July 18 – Crypto News
-
Technology7 days ago
Hyperliquid Hits Record $10.6B OI As HYPE Price Records New ATH – Crypto News
-
Blockchain6 days ago
Ziglu Faces $2.7M Shortfall as Crypto Fintech Enters Special Administration – Crypto News
-
Business1 week ago
XRP Open Interest Skyrockets Ahead Of ProShares XRP ETF Approval – Crypto News
-
Blockchain1 week ago
Analyst Predicts 50% “Moonshot” For XRP Price If This Line Breaks – Crypto News
-
others1 week ago
Donald Trump Pushes For A 300 Basis Points Fed Rate Cut – Crypto News
-
Technology1 week ago
Breaking: Bitcoin Price Hits New ATH Amid Trump Tariff Scare – Crypto News