The GBP/JPY cross trades in positive territory for the third consecutive day around 200.10 during the early European session on Tuesday.
GBP/JPY holds positive ground near 200.10 in Tuesday’s early European session. The UK Unemployment Rate rose to 4.4% in three months to April; Claimant Count Change arrived at 50.4K in May. Analysts expect the BoJ to commence tapering its monthly bond purchases at Friday's policy meeting, according to Reuters polls. The cross dropped a few pips on mixed UK employment data. Investors will shift their attention to the Bank of Japan monetary policy meeting on Friday.
9% in the same period and above the consensus of 5.7%. The Pound Sterling attracts modest sellers in the immediate reaction to the mixed UK employment market data. The BoJ is expected to commence tapering its monthly bond purchases at Friday's policy meeting, according to nearly two-thirds of economists surveyed in a Reuters poll on Tuesday. The Japanese central bank is widely anticipated to keep its short-terminterest rate unchanged at 0.0%–0.1%.
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