GBPJPY & USDJPY Analysis - Deciphering Market Movements!

Deciphering Market Movements! GBPJPY & USDJPY Analysis:

Friday, APRIL 26
The market will await the BOJ's interest rate decision. It will be an important day because during the previous meeting BOJ increased the interest rate but according to the market it was accompanied by a dovish signal.


On Friday, April 19, the Japanese Yen (JPY) benefited due to its safe-haven status. The Israel-Iran conflict boosted the Japanese yen (JPY) across the currency board. We saw the same reaction in relation to the British Pound. But we cannot say the same about USDJPY as it barely moved from its current position considering that both are classified as safe-haven currencies.

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