GBP/JPY finds less-confident pullback below 150.00, BOJ Kuroda’s speech eyed – by Sagar_Dua24 GBPJPY BOJ Currencies GDP InterestRate
BOJ Kuroda may discuss over the further path of intervention in the currency market.The GBP/JPY pair is displaying a short-lived pullback after dropping to near 148.00 in the Tokyo session. The less confident pullback has pushed the cross to near 152.00, however, the downside remains favored as an intervention of the Bank of Japan into the currency market has strengthened the Japanese yen against the pound.
Meanwhile, Japanese Finance Minister Shunichi Suzuki cited that “Recent one-sided and rapid yen moves are not desirable,” as per Reuters. Going forward, the speech from BOJ Governor Haruhiko Kuroda will be of utmost importance. Investors are expecting more insights into the path of intervention in the currency markets by the central bank to safeguard the depreciating yen.
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