Neutral
GBP/JPY rises to 209.50 after BoJ's 31-year high rate hike; BoE holds rates steady.
In the past 24 hours, GBP/JPY has seen upward movement, reaching 209.50, following the Bank of Japan's (BoJ) decision to raise its policy rate to 1.25%, the highest level since 1995. This move has led to a weakening of the Japanese Yen. Conversely, the Bank of England (BoE) maintained its policy rate at 3.75%, resulting in a slight depreciation of the British Pound.
Key points
- BoJ raises policy rate to 1.25%, a 31-year high, leading to Yen weakness.
- BoE holds rates at 3.75%, causing slight GBP depreciation.
- Market awaits BoJ Governor's comments for future policy guidance.
Sources
AI-generated from public news sources. Not financial advice.
