GBP/JPY Struggles to Break Above 196.00 Ahead of BoJ-BoE Monetary Policy

GBP/JPY struggles to break above 196.00 ahead of BoJ-BoE monetary policy

The GBP/JPY pair struggles to extend its upside above 196.00 from the last three trading sessions. During Asian trading hours on Monday, the cross has faced pressure near 196.00 again and has ticked down to near 195.50.

The Japanese yen remains down before the crucial monetary policy meeting of the BOJ - World Stock Market

The Japanese Yen begins the new week in a weaker tone, although the fall seems limited. The increase in geopolitical tensions and the expectations of an aggressive grocer should provide some support to the JPY. Operators could also choose to stay out before the risks of key events of this week’s central banks. The Japanese Yen (JPY) slides down for the second consecutive day on Monday, pushing to the USD/JPy torque to the 144.75 area during the …