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British Pound / Japanese Yen

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GBPJPY trade ideas

UPDATE ON ANALYSIS FOR GBP/JPYGBP/JPY 1H - Again here is another pair that was analysed in this weeks Sunday Sessions video, this too has provided us with a profitable trade. Another key example as to why you should watch the videos! The Sunday Sessions videos always provide us with opportunities for the start of the week so its key you are watching them so you do not miss out on the likes of this trade and the one I updated you on earlier. This trade ran & Took Profit for + 155 pips. (+ 4.7%) 4.7RR Brilliant result here on this pair, this was something I predicted, we wanted to see price trade into one of two areas and reject well to the downside giving us the opportunity to sell in this market. A big well done to those who jumped onboard of these two opportunities, I will be sure to update you all with some new analysis tomorrow morning to see us through the rest of the week.
Short
by Lukegforex
GBPJPY SELL The GBP/JPY pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Pound (the base currency). It is known to be a “carry currency cross”, that is a cross which is a vehicle for carry trading (one of today's most popular trading strategies). A carry trade happens when a person sells or borrows an asset with a low-interest rate in order to purchase another asset with a higher interest rate, looking to profit from the underlying interest rate difference. This strategy is heavily used in the foreign exchange market (forex).The organizations and people that affect the most the moves of the GBP/JPY pair are: Bank of England (BoE), known to be one of the most effective central banks in the world. It acts as the government's bank and the lender of last resort. It issues currency and, most importantly, it oversees monetary policy (including interest rates). Andrew Bailey became the new Governor of the Bank of England on March 16th, 2020. Her Majesty the Queen has approved the appointment. He is widely and deeply respected for his leadership managing the financial crisis, developing the new regulatory frameworks, and supporting financial innovation to better serve UK households and businesses.
Short
by KingForex078
GBPJPY View!!JPY-related FX and options markets remain focused on any clues regarding the Bank of Japan's policy trajectory. Recent speculation and market moves underline the high sensitivity to potential signals, but when might the BoJ provide clearer hints? Market reaction to Ueda's speech on Monday USD/JPY spot fell initially, while FX option implied volatility and downside strike premiums rose ahead of Bank of Japan Governor Kazuo Ueda's speech on Monday, driven by preemptive short-covering. However, JPY bulls were left disappointed as Ueda offered little to sustain hawkish bets, prompting a swift reversion in both spot and option markets.
Short
by FXBANkthe8055