Yen pairs rallying? How Long can this last?

After seeing a huge rejection after the speculation drop due to BOJ's potential hawkish moves, traders and hedgers called BOJ's bluff and the pair rallied over 2% on friday.

Given BOE's decision to rate hikes again, which is already priced in, people will be paying note to Bailey's commentary to actual market moves.

I would be staying away from going long on this pair as it is only a matter of a week or so before BOJ has to intervene.

Comment:

The pair is acting brilliantly against my supply zone, it's currently testing second top supply zone, should that break, GBP/JPY will be testing ATH.