BoJ likely to hold rates, with potential impact on JPY strength against GBP

From Investing.com: 2024-12-16 11:00:00

Markets are now pricing in less than a 20% chance of a Bank of Japan (BoJ) rate hike this Thursday, a significant drop from earlier expectations of a 70% probability. The BoJ’s decision could impact the JPY’s strength, with potential gains against the GBP. The BoJ’s meeting this week is highly anticipated, with previous policy changes in 2024. Despite initial expectations, the BoJ may hold rates, but a surprise hike could lead to significant moves in USD/JPY and GBP/JPY. Technical analysis suggests potential trends based on BoJ’s decision, with support and resistance levels to watch.



Read more at Investing.com: BoJ Rate Hike in Focus: USD/JPY, GBP/JPY Technical Analysis