GBPJPY Slips Below 19300 as Market Anticipates Bank of Englands Decision
GBPJPY continues to show weakness, dropping for the second consecutive session as it trades around 19280 during the European trading hours on Thursday. This decline comes as the Japanese Yen gains strength, fueled by market predictions of a possible interest rate hike from the Bank of Japan (BoJ) in 2025. Investors keep a close watch on these developments as they could significantly impact currency valuations moving forward. The anticipated BoE decision adds further tension to the market. This situation creates a moment of uncertainty, and traders will likely monitor the GBPJPY closely as it approaches critical support levels.