From FXStreet
-
GBP/JPY depreciates to near 195.00 after possible intervention by Japanese authorities
GBP/JPY moves downward after paring intraday gains, a movement possibly linked to intervention by Japanese authorities. The Pound Sterling has strengthened amidst market expectations of BoE holding off on lowering borrowing costs until the next quarter. The significant and enduring interest rate differential between Japan and other nations is anticipated to persist for some time. GBP/JPY has pared its daily losses, moving downward toward 195.00 during the Asian session on Monday. The Japanese...
-
AUD/JPY rises on speculation surrounding the RBA raising policy rate
The Australian Dollar surges driven by growing hawkish sentiment surrounding RBA, following the hot CPI data. Judo Bank chief economic adviser Warren Hogan predicts that the RBA might increase the cash rate three times in 2024. The safe-haven JPY loses ground due to the uncertainty surrounding the BoJ's rate outlook. AUD/JPY continues its winning streak for the sixth successive session on Monday, hovering around 104.50, a level not seen since April 2013. The persistent upward momentum of the...