FXStreet Thursday: GBP/JPY around 216.33, +0.53%. Yen weakness, not a sterling event. BoE 3.75% vs BoJ 1%. Oil via the Iran standoff. Not a Japan-trade recut. No TA.
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 stamps on that page are Japan’s National CPI, UK retail sales, and the preliminary S&P Global PMIs for August. 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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FXStreet 17:05 UTC Thursday: NZD/USD around 0.5940, up 0.12%. Markets pricing up to three more RBNZ hikes through early 2027. LPR 3.00/3.50 is color, not a recut. No TA.
FXStreet 17:01 UTC Thursday: AUD/USD in the 0.7100 neighborhood near multi-week highs. 4-hour print 0.7115. RBA cash 4.35%, tightening bias still on the table. Not a jobs recut. No TA.
FXStreet 15:40 UTC Thursday: USD/CHF around 0.7998 after a bounce from 0.7949. Wednesday −1.83%, lowest since 17 June. No TA.