The GBP/JPY pair extended gains on Tuesday, climbing towards 192.80 after an upside beat to the UK Services Purchasing Managers Index (PMI) earlier in the session.
Pound Sterling sees broad-market recovery after Services PMI beat. Markets shrug off a decline in the UK Manufacturing PMI . Japan Tokyo CPI inflation, BoJ rate call due on Friday. The GBP/JPY pair extended gains on Tuesday, climbing towards 192.80 after an upside beat to the UK Services Purchasing Managers Index earlier in the session. The UK Services PMI hit an eleven-month high of 54.9 for April, reversing the forecast decline to 53.0 from the previous month’s 53.1.
Focus will shift to early Friday’s Tokyo Consumer Price Index inflation print, which is expected to hold steady at 2.6%. Japan’s Tokyo CPI inflation will be followed by the Bank of Japan’s latest Interest Rate Decision. The BoJ’s latest Outlook Report for the first quarter is also expected around 03:00 GMT Friday. Yen traders will be looking for BoJ Governor Kazuo Ueda’s Press Conference due sometime Friday morning.
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