GBP/JPY falls within descending channel after trendline break and more downside potentially to 142.00 is expected.
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Bank of Japan reigns in 10-year bond yields following a rapid rise over recent days. Move suggests ongoing tethering could plant floor below USD/JPY.
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"Super-easy BoJ policy is still very much in place" ensuring Yen's recent rally appears to have hit the brakes and analysts see the currency drifting lower from here.
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GBP/JPY in long-term downtrend but anything could happen as both central banks are set to meet this week; a break below the 143.195 lows would be key to advancing the bearish cause.
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Yen tipped to rise if BOJ alter policy at next central bank meeting as rumoured, analysts eye removal of negative deposit rate, 'investigate' solutions or do nothing. If no-change Yen vulnerable to…
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