British Pound GARCH Volatility Analysis Volatility Prediction for Monday, July 31st, 2023: 7.44% (+0.03%) expected increase in GBP volatility
GBP/USD 1.2844 exchange rate to depreciate -2.95% down to GBP/USD 1.2455
GBP/JPY 181.29 exchange rate also should depreciate -6.15% down to GBP/JPY 170.
BoJ lift on Yield curve control made to strengthen the Japanese Yen, through interest rate differential and exchange rate.
Bank of Japan’s monetary policy changes, also determined some volatility in FX markets, with the partial decorrelation between USD/GBP | USD/JPY. Covariance was 0.0727.