GBP/JPY Long Opportunity

The Bank of England (BoE) has maintained a hawkish stance, raising interest rates to combat inflation. In contrast, the Bank of Japan (BoJ) has kept its monetary policy accommodative, with ultra-low interest rates. This significant interest rate differential creates a strong incentive for investors to borrow Yen at low rates and invest in higher-yielding Pound-denominated assets, increasing demand for the Pound and pushing GBP/JPY higher. The BoJ's accommodative monetary policy and its efforts to weaken the Yen for export competitiveness could further fuel the rise of GBP/JPY.
First Target 200
second target 213.09
Stop loss at 183.73