7/1/2021 12:31:44 AM GMT | By Anil Panchal
GBP/JPY holds onto previous day’s recovery moves from weekly bottom.
EU-UK post last-minute halt to sausage war, Belfast court backs NI protocol arrangements.
UK refreshes 2021 high of covid infections, EU citizens jam application British portal for settled status as deadline remains intact.
Japan data came in softer, BOE’s Bailey, UK PMI eyed for fresh impulse.
GBP/JPY refreshes intraday low to 153.56, snapping the previous day’s recovery from weekly low, as markets in Tokyo open for Thursday. The pair seems to bear the burden of the coronavirus (COVID-19) and the Brexit woes while paying a little heed to Japan data.
USD begins new quarter on firm footing
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USD/JPY climbs to 14-month high - MarketPulse
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USD/JPY rises to daily highs above 110 70 on renewed USD strength
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6/1/2021 10:41:16 AM GMT
Notes/Observations
- Euro Zone inflation tests above ECB target for 1st time since Nov 2018.
- Euro Area PMI Manufacturing data continues to be at or near record highs (Beats: Euro Zone, Germany, France, Italy, Spain; Misses: UK).
Asia:
- RBA kept its policy steady (as expected) with Cash Rate Target unchanged at 0.10% and 3-year Yield Control maintained at 0.10%. The reiterated stance was committed to maintaining highly supportive monetary conditions to support a return to full employment and inflation consistent with the target. The reiterated stance that conditions, in order to raise rates, were not expected before 2024 at the earliest.