$GBPJPY - BOJ: Will maintain QQE for as long as its needed

FX:GBPJPY   British Pound / Japanese Yen
130 2 2
This should keep yen pinned down in medium term. Risk aversion has kept yen propped but that will soon subside.

GBP side - we will start seeing more chatter to roll in for possible rate hikes from BOE. Data strength and case is building.

Technical: GBPJPY             has been selling for no particular reason minus Risk Aversion. Strong bounce off the 50 dma.
Excellent, looks like a great buy.
+1 Reply
GcNaif IvanLabrie
most of the gbp pairs looks like a good buy ,at least for the start of the week
+1 Reply
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