GBPJPY outlook: GBPJPY accelerates lower after BoJ rate hike – FXStreet

GBPJPY has continued its downward trend after the Bank of Japan’s recent rate hike. The currency pair has accelerated its decline, with the Japanese yen gaining strength against the British pound. The Bank of Japan’s decision to raise interest rates has had a significant impact on the GBPJPY pair, causing it to slide further. Traders are closely monitoring the situation and adjusting their positions accordingly. The outlook for GBPJPY remains bearish as the yen continues to strengthen. Investors should keep a close eye on any developments in this currency pair.