<\/p>\n
GBP\/JPY touched chart<\/a> territory above 197.00 for the first time since September of 2008 as markets meet the Bank of Japan (BoJ) head-on and batter the Yen into decades-long lows.\u00a0<\/p>\n The BoJ maintained its hyper-easy monetary policy<\/a>, prompting a broad-market Yen selloff. The Japanese central bank will resume large-scale Japanese government bond purchasing, and BoJ Governor Kazuo Ueda<\/a> paid lip service with little action on Yen exchange rates, inflation, and interest rate forward guidance in a broadly disappointing BoJ showing.<\/p>\n Coming up next week, a light economic calendar from the UK, and an update on Japan\u2019s Retail Sales figures slated for early Tuesday. Retail Trade in Japan is expected to ease to 2.2% growth for the year ended in March, down from the previous period\u2019s 4.6%.<\/p>\n With the pair trading into 16-year highs, the Guppy is breaking into extremely bullish chart territory above the 197.00 handle. The GBP\/JPY is up 10.2% from 2024\u2019s early bounce from the 200-day Exponential Moving Average (EMA) near 180.00.<\/p>\n The Guppy is set for a fourth consecutive month-on-month gain, and the pair is up over 50% from 2020 lows set near 130.00.\u00a0<\/p>\n GBP\/JPY continues to grind into multi-year highs. Japanese Yen continues to erode across the board. BoJ reaffirms monetary policy stance, markets pummel JPY. GBP\/JPY touched chart territory above 197.00 for the first time since September of 2008 as markets meet the Bank of Japan (BoJ) head-on and batter the Yen into decades-long lows.\u00a0 The BoJ […]<\/p>\n","protected":false},"author":2,"featured_media":7199,"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-291408","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\/291408","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=291408"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/291408\/revisions"}],"predecessor-version":[{"id":291409,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/291408\/revisions\/291409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7199"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=291408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=291408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=291408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}GBP\/JPY technical outlook<\/h2>\n
GBP\/JPY daily chart<\/h2>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"