GBPJPY

The Japanese Yen may get a boost if market-wide risk aversion grips investors amid turbulence in the US$3 trillion leveraged loan market. With the Fed intent on raising rates in 2022 and halting its bond-purchasing program, loans made under an easy-credit regime may be in trouble. As a result, the appeal of the anti-risk JPY and haven-linked US Dollar may rise.

We caught a buy setup from our zone here. Let's see how the news affects this pullback.