The GBP/JPY is pinned to the low end through Monday’s trading, failing to establish bullish momentum and sliding into familiar bearish territory below
BoE & BoJ both scheduled for this week, UK inflation figures landing on Friday
The BoJ’s negative rate cycle has been a key feature for the Japanese economy as the country struggles to develop long-term fundamental growth. Inflation in Japan briefly soared in recent months, but price increases are expected to slump through the fourth quarter, and the Japanese central bank will be hoping to keep inflation above their minimum target of 2%.
Preliminary UK Consumer Price Index figures are also slated for Friday, which are forecast to hold steady at 48.6 for the composite component. Theis forecast to hold steady at 43, with the Services PMI component expected to tick slightly lower from 49.5 to 49.
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