The GBP/JPY is trading down into 181.00, with further declines on the cards back into the 180.
The GBP/JPY is seeing further downside on Monday, sliding from 182.00. Yen continuing to firm up heading into Tuesday's BoJ showing. Low-impact UK data came in broadly red for Monday, one last bad print before Thursday's BoE. 00 handle if Pound Sterling traders can't find a reason to hit the buy button this week. The Yen continues to see a steady recovery across the broader market, taking the Guppy down 1.5% from last week's peak of 183.75.
On the Pound Sterling side, GBP traders will be looking ahead to Thursday's Bank of England rate call, with the UK's central bank nearly guaranteed to hold rates at 5.25% as economic data for the UK continues to miss the mark. GBP/JPY Technical Outlook The Guppy is falling back into the 181.00 handle for Monday after failing to etch in a rebound into 182.00. The way is clear for further downside into 180.
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