So I usually use no view bobbing. Ever since the new update, exclusively the hand moves when it's turned off. It acts as though view bobbing is on but it only affects the hand. This is visible when no item is highlighted on the hotbar, when you use maps, and any other item that makes the hand visible, but as far as I am aware, that is all the items, or lack thereof, it affects.
Thank you for your report!
We're tracking this issue in MCPE-79380, so this ticket is being resolved and linked as a duplicate.
If you would like to add a vote and any extra information to the main ticket it would be appreciated.
If you haven't already, you might like to make use of the search feature to see if the issue has already been mentioned.
Quick Links:
📓 Issue Guidelines – 💬 Community Support – 📧 Customer Support – ✍️ Feedback and Suggestions – 📖 Game Wiki