Learn To Trade Forex • Best Forex Trading Course • AsiaForexMentor

GBP/JPY Slips to 184.00 Amid BoJ’s Hawkish Sentiment

Written by

Ezekiel Chew

Updated on

September 16, 2024

i
Its a default text

GBP/JPY Slips to 184.00 Amid BoJ’s Hawkish Sentiment

Written by:

Last updated on:

September 16, 2024

GBP/JPY Pulls Back Despite Japan’s Holiday

The GBP/JPY pair continues to decline, slipping near 184.00, despite limited trading activity due to Japan’s bank holiday. The Japanese Yen (JPY) gains traction amid hawkish sentiment surrounding the Bank of Japan (BoJ).

GBPJPY Daily Chart as of September 16th, 2024 (Source: TradingView)

Bank of England Rate Decision Looms

Traders anticipate rate decisions from the Bank of Japan (BoJ) and the Bank of England (BoE). While the BoJ is likely to keep rates steady, speculation remains that a rate hike could occur as soon as October. Similarly, the BoE is expected to maintain its current rates in its upcoming meeting.

In the UK, the Pound Sterling (GBP) is expected to react to August's upcoming Consumer Price Index (CPI) data. Headline inflation is projected to rise by 2.2% year-on-year, while Core inflation may increase to 3.5% from 3.3% in July.

According to Fitch Ratings, the BoJ may raise rates to 0.5% by the end of 2024, and further to 1.0% by 2026. BoJ's Naoki Tamura also hinted at a potential rate increase to at least 1% as early as the second half of the next fiscal year, reinforcing a hawkish outlook.

About Ezekiel Chew​

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

What Just Sent Gold Prices Racing Again?

Gold price jumped strongly before the government shutdown, and even though it ended, the rally is not fading yet today. Analysts say strong investment demand mixed with steady uncertainty could keep pushing gold higher for the next several months ahead. Gold reached record levels this year, climbing to $4,360 on

Read More

Bitcoin Slow Recovery: What’s Holding the Market Back?

Bitcoin slow recovery is trying to climb out of a 330 billion slump as big buyers quietly pull back from the market now. After October’s sharp swings, the price moved up then stopped near 100,000, showing a recovery still lacking real strength today. ETF buyers and corporate treasuries stepped away

Read More

AI’s Rise Puts Finance on Alert

The Federal Reserve is balancing innovation and risk as artificial intelligence moves deeper into the global financial system today. At the Singapore FinTech Festival , a senior Fed official said banking’s fast use of AI needs clear rules to stay stable. Regulators must balance new technology with safety, making sure

Read More

The Quiet Warning Markets Aren’t Listening To

The Reserve Bank of Australia (RBA) has cautioned that markets may be underestimating geopolitical and macroeconomic risks as signs of fragmentation emerge in the global financial system. At a conference in Queensland, RBA Assistant Governor Brad Jones pointed to diverging trends in how central banks manage their reserves, noting that

Read More

Bitunix Review 2025 – REAL Traders Report

            OPEN AN ACCOUNT             Bitunix Review The world of crypto trading changes fast. Every trade can make a difference, and not every crypto exchange is built the same. Some are new and bold, while others quietly focus on building trust

Read More

Markets Slip as Tech Weakness Shakes Risk Sentiment

After a wild week for tech, the U.S. stock market looks like it’s still nursing a headache. Futures for the Dow, S&P 500, and Nasdaq edged lower Thursday night, signaling a quiet start after a heavy sell-off. Source: YahooFinance The Dow Jones futures lingered under the flatline, while S&P 500

Read More

GBP/JPY Slips to 184.00 Amid BoJ’s Hawkish Sentiment

4.0
Overall Trust Index

Written by:

Updated:

September 16, 2024

GBP/JPY Pulls Back Despite Japan’s Holiday

The GBP/JPY pair continues to decline, slipping near 184.00, despite limited trading activity due to Japan’s bank holiday. The Japanese Yen (JPY) gains traction amid hawkish sentiment surrounding the Bank of Japan (BoJ).
GBPJPY Daily Chart as of September 16th, 2024 (Source: TradingView)

Bank of England Rate Decision Looms

Traders anticipate rate decisions from the Bank of Japan (BoJ) and the Bank of England (BoE). While the BoJ is likely to keep rates steady, speculation remains that a rate hike could occur as soon as October. Similarly, the BoE is expected to maintain its current rates in its upcoming meeting. In the UK, the Pound Sterling (GBP) is expected to react to August's upcoming Consumer Price Index (CPI) data. Headline inflation is projected to rise by 2.2% year-on-year, while Core inflation may increase to 3.5% from 3.3% in July. According to Fitch Ratings, the BoJ may raise rates to 0.5% by the end of 2024, and further to 1.0% by 2026. BoJ's Naoki Tamura also hinted at a potential rate increase to at least 1% as early as the second half of the next fiscal year, reinforcing a hawkish outlook.
ezekiel chew asiaforexmentor

About Ezekiel Chew

Ezekiel Chew, founder and head of training at Asia Forex Mentor, is a renowned forex expert, frequently invited to speak at major industry events. Known for his deep market insights, Ezekiel is one of the top traders committed to supporting the trading community. Making six figures per trade, he also trains traders working in banks, fund management, and prop trading firms.

RELATED ARTICLES

I consent to receiving emails and/or text message reminders for this event.

REGISTER FOR THE MASTERCLASS!