Some Signs of Strength on GBPJPY?
The GBP/JPY has been in a downtrend for many years. But as we've approached the long-term lows, we've seen some signs of strength. It's hard for me to say that the GBP/JPY will reverse and ultimately head higher, but I can say that I'm expecting a least some strength in the short term.
From a fundamental perspective this would make sense, because the Bank of Japan has said that it will pump liquidity into its markets, suggesting a devaluation of the Yen. I'm not sure what the Bank of England has said, though.
From a fundamental perspective this would make sense, because the Bank of Japan has said that it will pump liquidity into its markets, suggesting a devaluation of the Yen. I'm not sure what the Bank of England has said, though.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.