Ok, overnight tonight there is news coming out of Japan, GBP had a lovely upward move already today, if the news from JAPAN is bad, then we may be able to have a profit from it, I’ve set mine to a small high risk trade. So if it dies, no problem.
I think, because GBPJPY has not retraced much since the news, GBP is on the way up.
Incidentally a lot of tonights news is linked to inflation. Well in Japan, it’s deflation. Deflation is when there is negative inflation, or prices going down. Deflation tends to fuel itself because people won’t buy something today that they can get cheaper tomorrow.