7/14/2021 1:24:30 AM GMT | By Anil Panchal
GBP/JPY extends Tuesday’s pullback from one-week high.
Covid woes, reflation worries weigh on market sentiment.
Japan Reuters-Tankan survey came out positive, UK CPI can exert fresh pressure on BOE policymakers to turn hawkish.
Japan Industrial Production, Brexit also become the key.
GBP/JPY takes offers around 152.70, down 0.10% intraday, amid Wednesday’s Asian session. That said, the cross-currency pair refreshes the day’s low, also extending the previous day’s losses, by the press time.
Downbeat market sentiment, recently due to the coronavirus (COVID-19) woes and reflation fears, seem to weigh on the quote. Also on the negative side could be the cautious sentiment ahead of the key UK data as well as the Brexit drama.
Halbleitermangel: Japans Industrieproduktion sinkt stärker als erwartet
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