GBP/JPY grinds below 182.00 on lackluster yields, ignores Japan economic forecasts, IMF’s urge to BoJ – by anilpanchal7 GBPJPY BOJ IMF YieldCurve RiskAversion
ng so, the cross-currency pair fails to cheer headlines from Japan, as well as comparatively better UK fundamentals, amid the sluggish markets ahead of this week’s top-tier events, namely monetary policy meetings of the Federal Reserve , European Central Bank and the Bank of Japan .
However, the International Monetary Fund warned of higher inflation from Japan and urged the Bank of Japan to exit its easy-money policy, which in turn prods the GBP/JPY bulls. Further, mixed prints of Japan's Coincident Index and Leading Economic Index for May, to 114.3 and 109.2 versus 113.8 and 109.5, also challenge the pair's latest moves.
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