Will the BoJ Save the Yen and Sink GBP/JPY?

From marketpulse.com

The British pound remains under pressure following a surprisingly weak retail sales report this morning. This follows up from a disappointing GDP report for November which fell short of market expectations. UK retail sales unexpectedly dropped by 0.3% in December 2024, after a small 0.1% rise in November that was revised down. This was worse than the forecasted 0.4% increase. Over the whole of 2024, retail sales grew by 0.7%, recovering from a 2.9% drop in 2023 and a 4.1% fall in 2022. The data weighed on the pound this morning with GBP/JPY falling some 60-70 pips post data release. However the pair has since ... (full story)