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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FOREX
No change in policy settings from the BoJ allows GBP/JPY to extend to fresh muti-year highs as it pushes through Y180.00 on the back of expectations re: BoE/BoJ monetary policy divergence becoming more pronounced.
- The cross trades above the 76.4% retracement of the 2015-2016 move lower. Any consolidation/extension of the break above Y180.00 will allow bulls to turn their focus higher, with the 19 Nov ’15 high (Y188.81), presenting the most meaningful horizontal technical resistance point.
- Note that BoJ Governor Ueda’s post-meeting press conference is getting underway at typing.
Fig. 1: GBP/JPY
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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