GBP/JPY trading steady near 180.00 after sinking nearly 300 pips, BoJ intervention rumored

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GBP/JPY trading steady near 180.00 after sinking nearly 300 pips, BoJ intervention rumored
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The GBP/JPY got completely shredded early Tuesday, plummeting nearly 300 pips inside sixty seconds to just shy of 178.00. Markets are broadly assuming

that the Bank of Japan intervened in global currency markets in an effort to defend the Japanese Yen , but investors will need to wait for any official confirmation from government sources.

BOJ September Meeting Summary: End to negative rate must be tied to success of achieving 2% inflation target

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