GBPJPY Weekly FOREX Forecast 12-Sep-2016

GBPJPY Weekly FOREX Forecast 12-Sep-2016

GBPJPY Weekly FOREX Forecast 12-Sep-2016

GBPJPY Weekly Forecast

Closing Price of last week

Estimated Range

Direction

136.24

134.60-140.00

Strong Buy

Weekly Outlook of GBPJPY

Pound / Japanese yen of last week received the assembly testimony of the British central bank committee, and selling was strengthened. The Kearney president showed a posture to examine an addition plan, if necessary, while I stated that the risk of the recession of the British economy retrogressed by an action of the British central bank, and the Forbes committee spoke that the recent data suggested that British economy slowed down. The announcement of the brisk index had pound recently, and repurchase became superior, but it was the form that showed a reaction of selling once in these remarks. Monetary policy Committee of the British central bank is held this week in 9/15. At the meeting 8/4 holding, I decided a reduction in interest rates to be since February, 2009, and 25bp reduced policy rate to 0.25 from 0.50 last time. The most of the BOE member suggest that I reduce an interest rate again within this year, and even this meeting is expected when the present monetary policy is maintained at this meeting when the possibility that an additional reduction in interest rates is carried out sees the economic indicators that were announced recently although it remains.
Source: SBI Securities

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