The pound has been boosted by the expected rise in interest rates by the Bank of England in May. The report on the market is important for the speed with which the central bank will raise rates, especially wage growth, as it is an indication of inflation. According to PMI data, January was a month of strong growth for the employment component.
In Japan, the main news was Kuroda's reappointment as governor of the Bank of Japan for a second five-year term, relying on his team with Amamiya, who designed the stimulus policies of Prime Minister Abe and Waseda, of Abenomics. The political commitment to the continuity of the central bank's management, along with the entry of clearly facilitating members, could put pressure on the yen.
Technical reference: The pair reacted positively in a very strong support zone around 148. This support has been respected since 2016. From the point of view of momentum, we highlight the slow stochastic and relative strength index (RSI), both in the zone of high technical oversold. From a risk / yield point of view, we risk little against the appreciation potential of GBPJPY.
In Japan, the main news was Kuroda's reappointment as governor of the Bank of Japan for a second five-year term, relying on his team with Amamiya, who designed the stimulus policies of Prime Minister Abe and Waseda, of Abenomics. The political commitment to the continuity of the central bank's management, along with the entry of clearly facilitating members, could put pressure on the yen.
Technical reference: The pair reacted positively in a very strong support zone around 148. This support has been respected since 2016. From the point of view of momentum, we highlight the slow stochastic and relative strength index (RSI), both in the zone of high technical oversold. From a risk / yield point of view, we risk little against the appreciation potential of GBPJPY.