GBP/JPY recovers from sub-155.50 session lows above 156.00 mark ahead of busy week

GBP/JPY recovers from sub-155.50 session lows above 156.00 mark ahead of busy week By @Frank_Macro #GBPJPY #BOE #BOJ

Gbpjpy, Boe

1/14/2022 10:42:00 PM

GBP/JPY recovers from sub-155.50 session lows above 156.00 mark ahead of busy week By Frank_Macro GBPJPY BOE BOJ

A combination of hawkish BoJ rate hike chatter and safe-haven demand amid choppy/mixed trading conditions in US equity markets helped to propel the ye

GBP/JPY looks set to end the day lower around 156.00, but has recovered well from earlier sub-155.50 lows.Next week is s busy one for the pair, with the BoJ setting policy and plenty of tier one UK data releases.A combination of hawkishBoJrate hike chatter and safe-haven demand amid choppy/mixed trading conditions in US equity markets helped to propel the yen to the top of the G10 performance table on Friday. Though strong UK GDP and Industrial Production figures helped GBP hold its ground fairly well, it wasn’t enough to overcome the yen’s advances, with GBP/JPY on course to end the day about 0.3% lower at just above the 156.00 level.

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