Mrsam36

GBPJPY & GBPUSD BOTH ARE IN RACE WILL REACH BUY TARGET

Long
OANDA:GBPJPY   British Pound / Japanese Yen
The GBP/JPY pushed into fresh multi-year highs on Thursday as the pair grinds towards the 195.00 handle. The Japanese Yen (JPY) continues to weaken across the broader FX market, prompting increasing rhetoric from the Bank of Japan (BoJ) regarding direct intervention in currency markets to shore up the beleaguered JPY. The BoJ is expected to discuss intervention on the Yen’s behalf at their latest policy meeting

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