Can the GBP/JPY rally continue? Watch out for the BOC

The pound enjoys a spectacular rally following the clearance of the contest for PM in the UK. The yen is on the back foot following speculation for stimulus. In turn this results in a huge rally for GBP/JPY. But can it last? There are reasons to doubt it. In the meantime, the Canadian dollar could rock and roll on the rate decision in Canada with oil prices off their highs and new worries, some suspect the BOC could cut rates.

Wrap up of the morning show:

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

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