GBPJPY Exchange Rate

The Bank of Japan left its key interest rate unchanged near zero and the bank's latest projections showed the underlying inflation staying around 2 percent that further damped expectations for aggressive tightening in future. The BoJ policy board, headed by Governor Kazuo Ueda, unanimously decided to hold the overnight interest rate at around 0 to 0.1 percent.

British consumer sentiment improved in April on slowing inflation as well as expectations about further tax cuts, a monthly survey conducted by the market research group GfK revealed Friday. The consumer confidence index rose to -19 in April from -21 in March. The score was also better than economists' forecast of -20.

The Japanese yen weakened against other major currencies in the Asian session on Friday after the Bank of Japan left its key interest rate unchanged and raised its inflation outlook.

The Japanese yen weakened against other major currencies in the Asian session on Friday.

GBPJPY is in the red again today, not far from its recent high; It has dropped below the January 2, 2024 ascending trendline; Momentum indicators are in waiting mode for the next key market events

GBP/JPY may rest near 190.00 round number; MACD and RSI confirm bearish retracement; Broader outlook looks strongly bullish

GBPJPY breaks below key support area after new high. Technical signs weaken, but 20-day EMA comes to the rescue again.

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