GBP/JPY has risen by hundreds of pips since hitting new monthly lows last week!
In case you missed it, an interview from Bank of Japan (BOJ) Governor Kazuo Ueda got traders pricing in an exit from the central bank’s uber dovish monetary policies.
JPY shot up sharply across the board! GBP/JPY, in particular, hit the 179.00 psychological handle before traders either took a chill pill or took profits ahead of this week’s potential market movers.
Was last week’s downswing just a fluke? Or are we looking at a chance to short GBP/JPY on a pullback?
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