GBP/JPY is grinding its way back up the charts on Tuesday, testing chart territory north of 197.00 after the pair got knocked down from 34-year highs at 200.60 earlier this week. The pair settled near 193.75 and now bidders are returning to the fold, propping up the Guppy despite ongoing rumors that the Bank of Japan (BoJ) directly intervened in FX markets on behalf of the beleaguered Japanese Yen (JPY). According to reporting by Bloomberg, it is likely the BoJ injected ¥5.5 trillion into currency markets after early Tuesday’s BoJ operations reporting showed a wide discrepancy between market forecasts and the BoJ’s ... (full story)