Posted 3/14/2024, 7:55:00 PM
Pound-Yen Waits on Bank of Japan Policy Moves After Strong Wage Growth in Japan
- GBP/JPY traded narrowly around 189.00 as markets await BoJ policy changes after strong wage growth
- BoJ expected to end negative interest rate policy following high wage demands in spring negotiations
- Thin economic data calendar ahead with only mid-tier UK inflation expectations on Friday
- GBP/JPY technicals show capped upside at 191.00 but support at 200-day MA near 184.20
- Markets look ahead to details from BoJ after Japanese workers secured biggest wage hikes in 31 years