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10 Apr 2013
Forex: GBP/JPY testing the 152.00 level after Kuroda comments
FXstreet.com (Barcelona) - The GBP/JPY suffered a jolt on the back end of comments from the BoJ, causing the pair to plunge below the 151.70 level during the afternoon of European trading. In recent minutes however, the pair has erased this setback and is testing the 152.00 level currently. At this juncture, the cross is trading positively at +0.14%.
In Japan, the BoJ’s Kuroda stated that the bank was resolved to keep printing money for as long as needed to achieve 2% inflation, signaling his readiness to offer further stimulus or maintain an ultra-easy policy beyond two years if meeting the target by then proves difficult.
Mataf.net analysts points to short-term supports at 152.67, onto 153.43, and 154.49. On the decline, the GBP/JPY is slated to face short-term support at 150.85, ahead of 149.79, and finally the 149.03 handle.
In Japan, the BoJ’s Kuroda stated that the bank was resolved to keep printing money for as long as needed to achieve 2% inflation, signaling his readiness to offer further stimulus or maintain an ultra-easy policy beyond two years if meeting the target by then proves difficult.
Mataf.net analysts points to short-term supports at 152.67, onto 153.43, and 154.49. On the decline, the GBP/JPY is slated to face short-term support at 150.85, ahead of 149.79, and finally the 149.03 handle.