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GBP/JPY making fresh highs ahead of FOMC

FXStreet (Guatemala) - GBP/JPY is trading at 184.64, up 1.02% on the day, having posted a daily high at 184.79 and low at 182.53.

GBP/JPY has extended its gains vs the Yen and is up to test the 184.80 resistance while markets grip hold of further excuses to get long of the pair, or rather even shorter of the Yen. The BoE minutes came over less dovish than anticipated, with two members voting for an immediate hike in fact.

Meanwhile, the USD/JPY is relentless on the theme of Abe’s recent commitments towards policy, parliamentary actions and the sales tax hike postponed for 18 months supporting an indebted economy and the Japanese stock market. Up next are the FOMC minutes and we will see how well the greenback holds up.

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