Overall, GBP/JPY is trending downwards.
The Bank of Japan (BoJ) will be announcing their interest rate decision tomorrow at a tentative timing. It is expected that the central bank will be holding interest rate unchanged at -0.10% while no new monetary policy changes will be carried out. A press conference will also be held at a tentative timing after the announcement.
The UK employment data released yesterday indicated an increase in the number of claimants for unemployment benefits in August and a slight increase in the unemployment rate in August.
If the released CPI data is overall poor, look for selling opportunities of GBP/JPY.
The Bank of Japan (BoJ) will be announcing their interest rate decision tomorrow at a tentative timing. It is expected that the central bank will be holding interest rate unchanged at -0.10% while no new monetary policy changes will be carried out. A press conference will also be held at a tentative timing after the announcement.
The UK employment data released yesterday indicated an increase in the number of claimants for unemployment benefits in August and a slight increase in the unemployment rate in August.
- Claimant Count Change (Actual: 73.7K, Forecast: 99.5K, Previous: 69.9K revised from 94.4K)
- Average Earnings Index 3m/y (Actual: -1.0%, Forecast: -1.3%, Previous: -1.2K)
- Unemployment Rate (Actual: 4.1%, Forecast: 4.1%, Previous: 3.9%)
- CPI y/y (Forecast: 0.1%, Previous: 1.0%)
- Core CPI y/y (Forecast: 0.7%, Previous: 1.8%)
If the released CPI data is overall poor, look for selling opportunities of GBP/JPY.
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