GBP/JPY is trapped between last week's range, but bulls are moving in – by fx_ross GBPJPY DollarIndex BOE Politics BOJ
ahead of the Tokyo open. At the time of writing, GBP/JPY is trading at 168.00 and has travelled between 169.78 and 165.41, up by some 0.82%.
"We now need stability and unity, and I will make it my utmost priority to bring our party and our country together," he said. With respect to the Bank of Japan, ''There has been no indication from the BoJ that it is willing to step away from its very accommodative monetary policy settings. The BoJ essentially wants to nurture inflation until there are more widespread signs of wage inflation,'' the analysts said.
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