GBP/JPY draws spinning tops as BoJ and BoE loom – FXStreet

The GBP/JPY pair is showing spinning tops as investors await decisions from the Bank of Japan (BoJ) and the Bank of England (BoE). The spinning tops indicate indecision in the market as traders weigh the potential outcomes of the central banks’ meetings. The BoJ and BoE meetings are closely watched by investors as they can have a significant impact on the currency pair’s movement. Traders are advised to monitor the announcements from both central banks closely to gauge the direction of the GBP/JPY pair.