GBP/JPY rises buoyed by uncertainty over BoJ's interest rate stance, marking a weekly gain.
Recovery from near the 50-day DMA suggests bullish momentum, with eyes on the 190.00 resistance mark.
A drop below the Kijun Sen could signal a correction phase, with significant support at the March 11 low.
The Pound Sterling extended its gains versus the Japanese Yen and is set to finish the week with gains, as the GBP/JPY trades at 189.72, gains 0.34%. Bank of Japan (BoJ) officials delivering mixed messages during the week prompted investors to sell the Yen as speculations grew the BoJ would not raise rates.
Edited 19 Mar 2024, 20:36
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