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USD/JPY Struggles for conviction ahead of the Fed Minutes release and US CPI tomorrow. The GBP has found legs on the back of hawkish comments from MPC member Katherine Mann. A return to the YTD High on the cards?
The pound trades on the backfoot as safe haven demand sees the USD bid as tensions in the Middle East rise. UK GDP and US CPI inf focus later this week.
USD/JPY Continues to edge lower as last week's bond buying spree from the BoJ appears to have run its course. Are we finally in for a retracement?
The pound weakened against the USD after US Treasury yields rallied coupled with some hawkish Fed speak which will continue today.
GBP prices strengthened against the USD on the back of UK GDP numbers as well as dovish Fed talk which left the US dollar trading lower this morning.