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GBP/JPY fades recovery moves below 154 00 amid Brexit, covid jitters

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.

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