GBPJPY support held again Bounce Coming

21 ธ.ค. 2021

GBP/JPY has bounced off Y149.50 once again and is back above Y150 as the market digests omicron fears vs. higher UK interest rates.

The swing vote deciding the outcome seems to be the daily gyrations in the stock market but the UK has been hit first by omicron so may be first out.

With the Bank of Japan being left behind in the global rate hike game, as long as stocks are stable we can get Yen crosses to grind higher.

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