Snapshot: GBP/JPY trades at 214.32, up 0.06% on the session, as traders await further signals from BoJ Governor Ueda. UK data remains a mixed bag, with recent CPI prints softening but unemployment ticking up slightly, giving the BoE reason to stay cautious.
- Watch for reaction around 214.50; a break above could signal renewed upside momentum.
- BoJ Governor Ueda’s speech at 09:00 JST could introduce volatility if he hints at a shift in policy.
Bias into NY: Sideways, with a slight upward bias if risk sentiment holds. Unless we hear something hawkish from Ueda, Sterling strength due to slightly firmer Gilts could see GBP/JPY test higher, potentially towards 214.75.