Gbpjpy news for today

Here are the latest GBP/JPY news and updates for today:

Current Rate: 1 GBP = 144.35 JPY

Market Analysis:

• The GBP/JPY pair is trading slightly higher today, supported by a weaker Japanese yen and a rebound in the British pound.
• The pair has been range-bound for the past few days, with the upper end of the range around 144.50 and the lower end around 142.50.
• The Bank of England (BoE) is expected to keep interest rates unchanged at its upcoming meeting on February 3, which could weigh on the pound.
• The Japanese yen has been under pressure due to the country's ongoing COVID-19 crisis and concerns over the global economy.

Economic Calendar:

• UK: BoE Interest Rate Decision (February 3)
• Japan: GDP (Q4) (February 3)
• Japan: Industrial Production (YoY) (January) (February 3)

News:

• The UK and EU have agreed on a new trade deal, which could boost the pound.
• The Japanese government has announced a new stimulus package to help the economy recover from the pandemic.
• The global economy is expected to grow at a slower pace in 2022 due to the ongoing pandemic and supply chain disruptions.

Technical Analysis:

• The GBP/JPY pair is trading above its 50-day moving average, which is a bullish sign.
• The pair is also approaching its 200-day moving average, which could provide resistance.
• A break above 144.50 could lead to further gains, while a break below 142.50 could lead to a decline.

Trading Tips:

• Buy the GBP/JPY pair if it breaks above 144.50.
• Sell the pair if it breaks below 142.50.
• Consider trading with a stop-loss order to limit potential losses.

Please note that this is just a summary of the latest news and analysis, and it's not a trading recommendation. It's always important to do your own research and consider your own risk tolerance before making any trading decisions.