If this is a matter of BoJ against the world, this intervention will not be enough. They need to convince the market. This is the reason why there is nothing good coming out of UK data, and yet the pound keeps gaining to the Yen.

A lot of uncertainty, this is a sell signal usually. The market might do a big whipsaw, considering the current volatility but GJ is going to 163.000 today is my bet.

Expect the volatility to continue. I anticipate this move up in GBPJPY to be soon followed by a massive swing down.

Short the market, and buy after the dump. These guys have been at it for decades...follow the money.

The markets are ridiculous sometimes, but the fall of the pound is inevitable. As much as they dont want to say "the recession is inevitable", they keep going around in circles, the economic indicators are getting worse.

They are doing their best efforts to prevent the fall of the pound, but the economic indicators are worse everytime.

The pound will fall as soon as they cant control the narrative and avoid the dreaded recession. Its inevitable and the market is aware of it, its just a matter of time.

Not the brightest start this PM and her cabinet had.

The old adage: buy the rumour, sell the news.

Like always, buy the rumour and sell the news. It will likely recover some of the losses until next meeting, and be shorted again once the news are released.