GBP/JPY slumps 100 pips to sub-181.00 on downbeat UK inflation, yields – by anilpanchal7 GBPJPY Inflation BOJ BOE YieldCurve
UK CPI pushes back hawkish BoE bias by falling to 7.9% YoY in June.Risk catalysts, Japan inflation will be crucial to watch for clear directions.
UK inflation per the Consumer Price Index slides to 7.9% YoY in June versus 8.2% expected and 8.7% prior. More importantly, the Core CPI defies the 7.1% marketWith this, the hawkish bias about theOn the other hand, Bank of Japan Governor Kazuo Ueda spoke at a news conference after the G20 meeting in India on Tuesday while stating that there was still some distance to sustainably achieve the 2% inflation target, defending the easy-money policy in turn.
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