GBP/JPY is a market that started to gain attention in Q4 of 2021 as inflation in the UK prompted the first rate hike (15 basis points) since the start of the pandemic in an attempt to control inflationary pressures in the UK economy. Long GBP/JPY is the Top Trading Idea from Justin McQueen for Q1 2022 A decision by the Bank of England (BoE) in November to leave rates unchanged sent the pair spiraling, only to be made worse by the discovery on the Omicron variant. Since then, the BoE rate hike on December the 16th has propelled GBP/JPY higher and the trend continues in the early trading days of 2022. A currency ‘carry ... (full story)