Bloomberg reports that the Bank of Japan is considering raising its inflation forecast for this fiscal year. Food prices, including rice, have risen faster than expected, and oil costs have also increased.
GBPJPY
British pound / Japanese yen
Indicators
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News GBPJPY
Options traders are adjusting their yen forecasts in anticipation of its decline against the dollar, driven by political instability in Japan, global trade tensions, and potential shifts in US Federal Reserve policy, Bloomberg reports.
Data compiled by KPMG and the Recruitment and Employment Confederation (REC) shows that British companies reduced their workforce in June at the sharpest rate in two years. The decline suggests that the tax hikes on employers continue to weigh on the labor market.
An increase of the indicator value may contribute to the rise in quotes of GBP.
A decrease of the indicator value may contribute to the fall in quotes of JPY.
Event announcement GBPJPY
The GBP publication is expected
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GBPJPY economy
United Kingdom
Japan
Central Bank interest rate
Gross domestic product
Unemployment rate
Retail sales
Trade balance
Inflation
Business confidence