Bank of Japan

Bank of Japan

GBP/JPY finds interim support near 188.60, downside remains favored on hawkish BoJ bets

The GBP/JPY pair discovers temporary support near 188.60 after sharply correcting from 191.00 in the last three trading sessions. Traders are closely watching the Bank of Japan's stance on monetary policy, with hawkish bets favoring further downside for the currency pair.

Investors are keeping a close eye on any potential announcements or signals from the Bank of Japan that could impact the direction of the GBP/JPY pair. With uncertainty in the global markets, market participants are looking to central banks for guidance on monetary policy decisions.