GBP/JPY jumps back towards 182.50 hurdle despite upbeat UK Retail Sales, mixed Japan data – by anilpanchal7 GBPJPY RetailSales BOJ BOE PMI
London. In doing so, the cross-currency pair also justifies downbeat Japan activity data amid the risk-off mood.
That said, the preliminary readings of Japan’s Jibun Bank Manufacturing PMI for June dropped to 49.8 versus 50.7 expected and 50.6 prior. On the same line, the first estimations of the Asian major’s Jibun Bank Services PMI drops to 54.2 during the stated month, from 55.9 expected and 56.9 previous readings.
It’s worth noting that the Bank of Japan’s Japanese Government Bond issues also weighed on the GBP/JPY price as Tokyo opened.
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