"With Japan having recently moved into ‘negative rates’ territory combined with the growing sentiment around an increased possibility of a Brexit, and with a Bank of England meeting on the docket for this Thursday, the potential for heightened volatility remains. And in GBP/JPY, that means any trader taking a position should take notice.""In the near-term, the top-side momentum is notable. We’ve basically seen 500 pips of run since Thursday’s ...
"Whereas continued Yen weakness was once a predominant expectation for the Bank of Japan, those prospects are looking much less likely after the December BoJ meeting. And in the case of the British Pound, we spent much of last year waiting for the end of the year for the inflation picture for the Bank of England to ‘come into better focus.’ Well, Super Thursday threw that wrench for a loop after the Bank took a decidedly dovish stance towards future ...