Yen Sinks as BOJ Rate Hike Fails to Impress Markets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Add as a preferred source on Google
Chart - Courtesy Trading View
EUR/GBP spiked over 0.95% and was trading at 0.8575 at around 12:25 GMT.
The single currency buoyed across the board after the European Central Bank (ECB) announced a 50 basis points rate hike.
Markets were expecting the ECB to hike its rates by 25 bps and the move saw a knee jerk reaction across euro crosses.
Focus remains on the post-meeting press conference, Lagarde's comments might infuse some volatility.
Technical indicators have turned bullish. Price action is testing cloud top resistance. Breakout will buoy the pair higher.
