GBP/JPY trades around 216.33 as sterling firms and the yen stays on Japan's first 2025-base CPI print.
GBP/JPY trades around 216.33 on Thursday, up 0.53% on the day, reversing Wednesday’s losses. That is the FXStreet stamp. The same page says the move is largely yen weakness, not a sterling event.
FXStreet writes the yen stays under pressure despite expectations the Bank of Japan could raise rates next month. Higher oil prices linked to the US-Iran standoff are a near-term headwind, it says, because Japan relies on imported energy from the Middle East. The WTI tape is already live. Broader concerns over government spending and high public debt also weigh, the same page says.
UK inflation and labour-market figures released this week, FXStreet writes, suggest the Bank of England will keep rates unchanged at 3.75%, well above the Bank of Japan’s 1% policy rate. The wide rate gap, it says, favours the pound and supports further upside in the cross.
Friday’s Japan CPI is live. UK retail sales and the preliminary S&P Global PMIs stay upcoming on that page. Live sterling and yen are on prices. Those prints sit on the economic calendar.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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