GBPJPY Long
GBPJPY reached an important level 144.000 and due to negative outlook for Japan (GDP, Corona virus) this will be a good entry point for a long position.
BoJ signalled that they are not afraid to cut interest rates further even into negative territory. This will be neccessary as Japan is heavily dependent on exports hence a weak currency, monetary easing is the only way in my opinion.
BoJ signalled that they are not afraid to cut interest rates further even into negative territory. This will be neccessary as Japan is heavily dependent on exports hence a weak currency, monetary easing is the only way in my opinion.
Disclaimer
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.