The GBP/JPY pair drives vertically to near the crucial resistance of 183.00 as the odds of a possible intervention by the Bank of Japan (BoJ) in the F
GBP/JPY jumps swiftly to 183.00 as expectations of BoJ’s intervention in FX fade. Naoyuki Shinohara said that Japanese authorities could not reverse the tide against the Yen backed by easypolicy. BoE Mann warned about higher inflation and rising consumer inflation expectations. X domain fade.
The Pound Sterling strengthened as the Bank of England policymaker Katherine Mann warned about higher inflation and rising consumer inflation expectations. She further added that central bankers should adopt an aggressive policy-tightening approach to bring down inflation to 2% in a timely manner. Going forward, UK factory activity data will be keenly watched. Investors see monthly Manufacturing Production contracting by 0.3% against the 0.8% contraction recorded for July.
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