GBP/JPY prints a fresh YTD low near 207.00, then trades mid-208.00s still down 0.25%. BoJ Sep 17–18 path after wages and faster GDP.
GBP/JPY drops to the 207.00 neighborhood — a fresh year-to-date low — then trades around the mid-208.00s, still down 0.25% for the day.
Japan’s real wages rose for the seventh consecutive month and the economy expanded at a faster pace than originally estimated, backing the case for the BoJ to raise borrowing costs on September 17–18. The page also cites risk of a jumbo hike and traders pricing the possibility of a potential follow-up move in December. Distinct from USD/JPY Asia and Monday’s GBP/JPY six-month low.
Also see: GBP/JPY Dips to Session Lows Near 207.50 at London Open as Yen Rallies Unfazed by Oil.
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