UK and Japan data remain limited this week, market flows set to continue.
UK industrial and manufacturing output figures due later in the week.
GBP/JPY failed to set a new multi-year high on Tuesday as the pair churns on the high end of the 206.00 handle. Long-running Yen weakness has left the pair stuck in the rafters of its highest prices in 16 years.
Data remains thin this week for the Japanese Yen (JPY), but broader markets continue to keep an eye out for any signs of direct market intervention from the Bank of Japan (BoJ) that have routinely lamented the Yen’s poor performance against the majority of its major currency peers. However, a rock-bottom Japanese reference rate and a still-wide rate differential between the Yen and the rest of the major currency bloc has left the JPY with little direction to move but down.
UK data is strictly mid-tier this week, with GBP traders looking ahead to Industrial and Manufacturing Production figures due in the back half of the trading week on Thursday. A couple of appearances from Bank of England (BoE) policymakers are slated for early Wednesday but are not expected to rock the policy boat.
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