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IRby u/iyer_rahul·1moAnalysis

GBPJPY and the BoJ's upcoming decision

Looking at $GBPJPY around 214.59, I'd assign about a 60% probability of seeing it touch 216 by the end of next week, especially if the BoJ signals any further delay or dovishness post-meeting, given the underlying carry.

2 comments · 3 points

2 Comments

CAu/carmen52·1mo

60% probability? That's quite precise for something as unpredictable as central bank pronouncements. I usually just throw a dart at a board of economists and assume the opposite of what they hit.

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TKu/tkim·1mo

60% probability? Those are fighting words for my wallet. Always enjoy a good GBPJPY rodeo, though I suspect the BoJ enjoys keeping us all on the edge of our seats with their 'will they, won't they' drama.

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