Doubts over the UK PM May’s future leadership and Brexit uncertainty gain attention ahead of the BOJ meeting. 200-day SMA continues to become crucial levels for immediate direction. GBP/JPY trades near 144.60 ahead of the bank of Japan’s (BOJ) monetary policy meeting scheduled on early Thursday. The quote remained mostly unchanged on Wednesday but is on a back-foot off-late due to Brexit pessimism. Despite senior conservatives give some relief to the UK PM Theresa May after her position was to be challenged recently, the BBC reports that there are many Tories who still wished to call an emergency general meeting to oust the PM. The same is likely weighing on the British Pound (GBP) recently. On the Brexit front, PM May is likely to ask the parliament members (MPs) to vote on the final departure proposal sometimes during next week, the Sky News conveys. Looking at the Japanese front, JPY remained a bit positive ahead of the BOJ meeting outcome. The policymakers aren’t expected to announce a change in the present measures. However, the quarterly outlook report may end up revising the growth and inflation forecasts down considering repeated miss by both the headline data. Also important will be the BOJ Governor Haruhiko Kuroda’s press conference after the rate statement. GBP/JPY Technical Analysis Unless declining below 144.55 mark comprising 200-day simple moving average (SMA), the GBP/JPY pair can continue aiming 145.20 and then to 50-day SMA level of 145.85. On the flipside, 144.00 and 143.80/70 area comprising 100-day SMA and multiple lows since February 22 seems crucial to observe. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD Technical Analysis: Stochastics and RSI over stretched, 23.6% Fibo retracement could be on the cards FX Street 4 years Doubts over the UK PM May's future leadership and Brexit uncertainty gain attention ahead of the BOJ meeting. 200-day SMA continues to become crucial levels for immediate direction. GBP/JPY trades near 144.60 ahead of the bank of Japan's (BOJ) monetary policy meeting scheduled on early Thursday. The quote remained mostly unchanged on Wednesday but is on a back-foot off-late due to Brexit pessimism. Despite senior conservatives give some relief to the UK PM Theresa May after her position was to be challenged recently, the BBC reports that there are many Tories who still wished to call an emergency general meeting… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.