# British Pound holds near two-month high vs Yen as BoE decision looms

> GBP/JPY traded near a two-month high ahead of the Bank of England decision on Thursday, with markets pricing a rate hike. Yen weakness reflects uncertainty over the timing of the next Bank of Japan rate hike, and intervention risk caps yen losses.

- Date: 2026-11-03 · published 2026-11-03T09:10:15.914Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/77391-british-pound-holds-near-two-month-high-vs-yen-as-boe-decision-looms
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker yen raises Japan's cost of imported feed grains and meal priced in dollars, while intervention risk could cause sudden currency swings that affect Japanese feed buying.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-30 | [Sterling holds ground near 4-year high as dollar weakens \| Moneycorp](https://feedsoft.ai/events/24479-sterling-holds-ground-near-4-year-high-as-dollar-weakens-moneycorp.md) | -0.0% | +0.8% |
| DXY | 2025-06-26 | [Pound touches near 4-year high as Trump rattles dollar](https://feedsoft.ai/events/24477-pound-touches-near-4-year-high-as-trump-rattles-dollar.md) | -0.9% | -0.6% |
| DXY | 2021-09-01 | [Euro holds near one-month high after inflation jolt \| Reuters](https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters.md) | +0.1% | +1.4% |
| DXY | 2019-03-22 | [Ringgit rises to 9-month high on Fed’s decision](https://feedsoft.ai/events/60363-ringgit-rises-to-9-month-high-on-fed-s-decision.md) | +1.0% | +0.5% |
| DXY | 2021-07-29 | [Pound highest in over a month as dollar dips on dovish Fed \| Euronews](https://feedsoft.ai/events/46306-pound-highest-in-over-a-month-as-dollar-dips-on-dovish-fed-euronews.md) | -0.3% | +0.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/british-pound-hits-fresh-two-month-high-vs-yen-ahead-of-boe-decision-on-thursday-202611040905
- fxstreet.com: https://www.fxstreet.com/news/british-pound-sits-near-two-month-top-around-21200-vs-yen-as-bulls-await-boe-on-thursday-202611030853

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.