Japan’s overnight swap rates have indicated rising odds of a BoJ interest rate hike next week. JPY crosses have lost upside momentum in the last four weeks; the weakest among the G-10 is the GBP/JPY. A potential looming medium-term downtrend phase has kickstarted for GBP/JPY. In the run-up to next Friday, 24 January, the Bank […]
The post GBP/JPY Technical: Bearish Breakdown from 4-Month Range appeared first on Action Forex.
