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GBP/JPY lifts close to recent 9 year highs above 191
The reaction across the markets to the historic move by the Bank of Japan today has seen the Yen weaken across the board. As already noted, the USD/JPY has led the falls in the Yen, as this was a dovish rate increase from the BOJ, if you can call it such a thing. So, the likes of the EUR/JPY and the GBP/JPY have jumped higher. The GBP/JPY has not only reclaimed the 190 handle, but also risen very close to the 9 year high it reached on February 26, at 191.31. The high seen this morning has been set at 191.20, but it may not be done with yet. The GBP/JPY had closed last night in the US at 189.86. The reader is also reminded of the highs set back in 2015, when the Pound topped out back then at 195.88. The GBP/JPY is currently trading at 191.15 as the Bank of Joan governor right now debriefs the press and continues to maintain a dovish tone to his address
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