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Intraday Market Thoughts

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GBPJPY, Carney & Abe’s Upper House

by Ashraf Laidi

Jul 18, 2013 11:31

Favouring EURJPY and GBPJPY ahead of Japan's Sunday Upper House elections (set to end 6 years of parliamentary deadlock) as BoE's Carney leads the doves into neutrality can be a partial hedge for long term shorts in EURUSD, while PM Abe obtains support in Sunday's Upper House elections in carrying out his monetary expansion to combat against deflation. GBPJPY chart & analysis

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GBPJPY, Carney & Abe’s Upper House - Gbpjpy Jul 18 (Chart 1)

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