GBP/JPY - Yen Intervention Risk makes Rate tightening Rise

Aug 31

The GBP/JPY Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming Days. GBPJPY

Possible Short Trade:
Entry: Consider Entering A Short Position around Channel breakout Of The Pattern.

Target Levels:
1st Support – 215.50
2nd Support – 215.00
Resistance Zone : 216.80- 217.00

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Sep 1

Note

The Reuters report says Japan and the US agreed to continue working together to keep the yen's movements orderly. This is important because the yen has weakened to around ¥160 per US dollar, a level where traders are watching closely for possible Japanese currency intervention.

Next Bullish JPY & Bearish GBP/JPY

1.Japan announces intervention
2.BOJ signals a rate hike

Sep 2

Trade active

The yen is also being affected by the large interest-rate difference between the U.S. and Japan. Even though markets expect the Bank of Japan (BOJ) to raise rates, U.S. yields are still very high.

Japan and the U.S. had also intervened in the FX market at the end of July to support the yen

Sep 2

Trade closed: target reached

Reached with good profit

Sep 3

Note

2nd target Reached

Fundamental Updates : (03.09.2026)

1. Bank of Japan (BOJ) board member Hajime Takata said the BOJ should be flexible about raising interest rates because inflation pressures are increasing.

2. BOJ Governor Kazuo Ueda also indicated there is a strong possibility of a rate hike this month.

These comments made traders expect higher Japanese interest rates, which can make the yen more attractive.