Hello guys
GBPJPY has rallied to 200 besfore, this is a history is being written in such circumstances
The main reason for the weak #YEN is the #JP10Y has been weak against strong #US10Y so simply investors sell Japanese yen to buy other interest-carry currencies.
If the Bank of Japan will increase rates sooner, which is not expected, then ALL JPY pairs will fall, however the bank interferes in the market to strengthen the JPY.
Anyway, this is a good area to short the GBPJPY from 198 to 194, so 400 pips almost.
GBPJPY has rallied to 200 besfore, this is a history is being written in such circumstances
The main reason for the weak #YEN is the #JP10Y has been weak against strong #US10Y so simply investors sell Japanese yen to buy other interest-carry currencies.
If the Bank of Japan will increase rates sooner, which is not expected, then ALL JPY pairs will fall, however the bank interferes in the market to strengthen the JPY.
Anyway, this is a good area to short the GBPJPY from 198 to 194, so 400 pips almost.
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