Japanese Yen Technical Outlook: USD/JPY, EUR/JPY & GBP/JPY
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#7b7dea38 ver:0.09

The GBP/JPY pair has rebounded and retaken the 187.00 mark, benefiting from a positive risk tone in the market and a weakened Japanese yen. The prospect of a ceasefire in the Middle East has further boosted investor confidence. Despite the potential for interest rate reductions by the Bank of England, GBP bulls remain unaffected. However, the Bank of Japan's hawkish tilt may hold back bulls from placing fresh bets on the GBP/JPY pair. The USD/JPY pair has been heading higher, with traders anticipating potential intervention measures from the Bank of Japan. The momentum favors buyers, but resistance levels may limit further upside. The Japanese yen faces uncertainty in the coming months, with the US PCE data and Japanese unemployment data potentially impacting yen pairs. #forex #GBPJPY #USDJPY...

#newstr #JapaneseYen #Usd/jpy #Eur/jpy #Gbp/jpy #BankOfJapan #FxIntervention #MonetaryPolicy #GeopoliticalRisks #UsPceData #JapaneseUnemploymentData 

 https://here.news/story/7b7dea38?ver=0.09