-
GBP/JPY skids along the bottom, bears looking for 181.00
The GBP/JPY is down nearly 80 pips heading into the Wednesday market session, with the Pound Sterling (GBP) continuing to flag against the Japanese Yen (JPY). The pair is down almost 1.3% from last week's peak, and in the red over 3.0% from August's peak of 186.77. The mid-week is thin on the economic calendar for the Guppy, and traders will be looking ahead to Thursday's Tokyo Consumer Price Index (CPI) reading on Thursday, which will be followed by Friday's Gross Domestic Product (GDP) figures for the UK. The Bank of Japan (BoJ) is determined to see Japanese inflation remain above 2% in a meaningful way before ... (full story)