May 6, 2021 - Written by John Cameron
GBP/JPY Exchange Rate Rangebound as Japanese Economic Optimism Returns
The Pound Japanese Yen (GBP/JPY) held steady today after the Bank of Japan (BoJ) revealed that it was optimistic about Japan’s vaccine rollout. The pairing is currently trading around ¥151.92.
The Japanese Yen failed to gain against the Pound today despite yesterday’s modest but notably more bullish BoJ monetary policy minutes report.
The BoJ minutes said:
‘Some members said while the beginning of vaccine rollouts was a positive sign, developments regarding the pandemic continue to warrant attention.’
However, the Bank also warned: