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GBP/JPY: Daily Analysis & Intraday Forecast

The Bank of Japan will announce its latest monetary policy decision on Friday, and while the central bank is fully expected to leave all policy settings untouched, as with all central bank meetings, post-decision commentary is key. Current financial market expectations are showing just a 10% probability of a 10 basis point rate hike and unless the BoJ gives the market something to work with, and not just talk about following the exchange rate closely, the Japanese Yen is set to remain weak.

 

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