Forex: GBP/JPY moves above 151 first time in 3 years

GBP/JPY is last at 151.03, off fresh 3.5-year highs at 151.65, on the back of continued Yen weakness due to recent comments on more bond purchases from BoJ that initially expected. “Now that the BOJ has pulled out the bond/QE bazooka (making Bernanke look like a miser in this area), the JPY has gotten hammered and I don't think this will stop soon,” says 2ndSkiesForex founder Chris Capre.
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