GBP/JPY oscillates around 163.00 ahead of UK Employment data, the focus is on BOE and BOJ By Sagar_Dua24 GBPJPY BOE BOJ Employment Inflation
backed by uncertainty over the release of the UK Employment data. The asset has remained in the negative trajectory from the last week, however, a minor bounce has been witnessed on Monday after hitting a low of 162.25.
Investors are awaiting the release of the UK Employment data, which is expected to improve marginally. The Claimant Count Change is expected to shift lower to -42.5k against the prior print of -56.9k. Also, the Unemployment Rate is likely to fall to 3.6% from the former figure of 3.7%. An improvement in the labor market data will underpin the pound bulls against the Japanese yen for a limited horizon.
On the Japanese yen front, the BOJ is expected to stick to a prudent monetary policy despite advancing price pressures. The inflation rate in Japan's economy has increased above 2%, however, the price pressures are majorly dictated by soaring
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