Cable fell to 1.2086 after initial jump to 1.2219 on BoJ's hawkish surprise

BoJ widens trading band for 10-year JGB yield to 50 bps nL1N33A01A

1.2086 was lowest level since Dec 1. 1.2160 = subsequent rally high

GBP/USD volatility spurred by big losses for USD/JPY and GBP/JPY on YCC move

1.2056 (Dec 1 low) and 1.2000 are cable support points below 1.2086

Resistance levels beyond 1.2219 include 1.2241 (Monday's high) and 1.2300