{"id":209229,"date":"2023-12-09T03:50:46","date_gmt":"2023-12-08T22:20:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=209229"},"modified":"2023-12-09T03:50:46","modified_gmt":"2023-12-08T22:20:46","slug":"gbp-jpy-sees-thin-rebound-on-friday-falls-just-short-of-182-00-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-jpy-sees-thin-rebound-on-friday-falls-just-short-of-182-00-crypto-news\/","title":{"rendered":"GBP\/JPY sees thin rebound on Friday, falls just short of 182.00 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>The GBP\/JPY catches a soft bid to challenge 182.00 after a week of stubborn losses.<\/strong><\/li>\n<li><strong>The Yen surged on the week, bolstered by a hawkish BoJ.<\/strong><\/li>\n<li><strong>The Guppy heads into next week\u2019s central bank showdown on the low side.<\/strong><\/li>\n<\/ul>\n<p>The GBP\/JPY eked out a small gain on Friday, finishing the day up a slim tenth of a percent to cap off a trading week of firm declines. The Guppy ends the trading week down a firm two and a third percent from the week\u2019s opening bids near 186.60, hitting a nine-week low of 178.58 amidst Thursday\u2019s broad-market Yen rally.<\/p>\n<p>The Bank of Japan (BoJ) kicked off a wild surge in the Japanese Yen after BoJ Governor Kazuo Ueda struck unusually hawkish tones in the mid-week, hinting that the BoJ could be on pace to begin tightening <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">monetary policy<\/a>, specifically highlighting the Japanese central bank\u2019s negative rate regime.<\/p>\n<p>Despite the BoJ fearing a collapse in Japanese inflation sometime in 2025, Japanese Core Consumer Price Index (CPI) inflation continues to run hotter than expected, hitting 2.9% for the year into October and chalking in a nineteenth straight consecutive month of inflation outrunning the BoJ&#8217;s 2% upper target band.<\/p>\n<p>Yen traders picked up the BoJ\u2019s hawkish tone and ran with it, sending the JPY surging across the board. The GBP\/JPY tumbled nearly three and a half percent top-to-bottom on Thursday, pushing the pair down into new lows below 178.60.<\/p>\n<p>Next week sees UK labor figures, followed by Japanese manufacturing figures, culminating in 2023\u2019s last rate call from the Bank of England (BoE).<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Technical Outlook<\/h2>\n<p>The GBP\/JPY\u2019s tumble left the pair knocking into fresh multi-week lows, and Friday\u2019s thin rebound has the Guppy rebounding from the 180.00 major handle.<\/p>\n<p>Near-term momentum still leans in favor of the bulls, with technical support coming from the still-untouched 200-day Simple Moving Average (SMA) near 178.00, but the last swing high into 188.66 represents a significant peak that bidders will struggle to retake.<\/p>\n<p>The GBP\/JPY is at risk of re-entering a consolidation phase around the 50-day SMA near the 184.00 price level, and short sellers will have their work cut out for them to try and cut the recovery rally short.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Hourly Chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Daily Chart<\/h2>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/GBP_JPY-638376686647431771.png\" style=\"width: 898px;height: 697px\" \/><\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The GBP\/JPY catches a soft bid to challenge 182.00 after a week of stubborn losses. The Yen surged on the week, bolstered by a hawkish BoJ. The Guppy heads into next week\u2019s central bank showdown on the low side. The GBP\/JPY eked out a small gain on Friday, finishing the day up a slim [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,367,248,251,246,257,276,409,255,250,252,247,253,249,256,254],"class_list":["post-209229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boj","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gbpjpy","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/209229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=209229"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/209229\/revisions"}],"predecessor-version":[{"id":209231,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/209229\/revisions\/209231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/1955"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=209229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=209229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=209229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}