It was a big week for GBP/USD as the pair finally put in some strength above the 1.2500 psychological level. With the Fed still sounding somewhat dovish, GBP/USD could be one of the more attractive majors for scenarios of USD-weakness. GBP/JPY finally finished off the gap from 2008, which ran all the way up to the 198.08 level. As trading opened for the week a significant move of Yen-weakness propelled GBP/JPY all the way past the 200 level, albeit temporarily, and then as the BoJ intervened the pair showed a strong pullback. But fundamentals remain divergent between the U.K. and Japan and the Bank of England rate ... (full story)