Back
6 Aug 2015
GBP/JPY sinks to 193.35 on BOE negative surprise
FXStreet (Mumbai) - The British pound lost ground and witnessed steep losses versus the Japanese yen on Thursday, following the first ever three-way release of the rate announcement, the MPC minutes and the Inflation Report at once with all three surprising markets on the downside.
GBP/JPY drops from 194.92
Currently, the GBP/JPY pair trades -0.67% lower at 193.50, receding slightly from fresh session lows reached at 193.35. The cross in the GBP/JPY lost 1 big figure and trades deep in the red after the BOE Super Thursday brought in a more dovish BOE minutes with just one policymaker, McCafferty, voted for a rate hike.
Markets had bet that at least two MPC members would vote for a lift-off while central bank also lowered its inflation outlook.
On the other hand, USD/JPY remain dead flat around 124.80 awaiting fresh cues from the weekly jobless claims from the US for further momentum.
GBP/JPY Technical Levels
To the upside, the next resistance is located at 194.30 (Aug 3 High) levels and above which it could extend gains 195.26 (Today’s High) levels. To the downside immediate support might be located at 193 below that at 192.50 (July 29 Low) levels.
GBP/JPY drops from 194.92
Currently, the GBP/JPY pair trades -0.67% lower at 193.50, receding slightly from fresh session lows reached at 193.35. The cross in the GBP/JPY lost 1 big figure and trades deep in the red after the BOE Super Thursday brought in a more dovish BOE minutes with just one policymaker, McCafferty, voted for a rate hike.
Markets had bet that at least two MPC members would vote for a lift-off while central bank also lowered its inflation outlook.
On the other hand, USD/JPY remain dead flat around 124.80 awaiting fresh cues from the weekly jobless claims from the US for further momentum.
GBP/JPY Technical Levels
To the upside, the next resistance is located at 194.30 (Aug 3 High) levels and above which it could extend gains 195.26 (Today’s High) levels. To the downside immediate support might be located at 193 below that at 192.50 (July 29 Low) levels.