GBP/JPY clings to mild losses near 181.00 despite dovish BoJ talks, pick-up in yields ahead of BoE – by anilpanchal7 GBPJPY YieldCurve BOE BOJ RiskAversion
is expected to announce a 0.25% rate hike and the latest UK inflation clues have been hawkish, the GBP/JPY pair’s recent losses could be linked to the pre-BoE positioning.
Apart from that, the dovish comments from the Bank of Japan commentary and upbeat yields also restrict GBP/JPY downside. On the same line, BoJ Governor Kazuo Ueda said the previous day that the BoJ will patiently maintain an easy monetary policy to stably and sustainably achieve the 2% price target accompanied by wage growth.
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