Gbpjpy fall back hit the bottom read the caption

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GBP/JPY saw a thin rally on Wednesday, testing into 189.53 before wrapping up the midweek trading session near the 189.20 handle. The pair is cautiously recovering after an early-week dip into the 188.01 handle.
The Bank of Japan (BoJ) continues to wink at the possibility of ending the negative rate regime. BoJ Governor Kazuo Ueda nodded at “tweaking negative rates” early Wednesday, as the BoJ prepares to place the burden of the final decision on the shoulders of spring negotiation

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