{"id":103487,"date":"2020-08-19T13:38:10","date_gmt":"2020-08-19T12:38:10","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103487"},"modified":"2020-08-19T16:30:50","modified_gmt":"2020-08-19T15:30:50","slug":"103944-gbp-jpy-strong-after-inflation-beats-expectations-140-targeted","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103944-gbp-jpy-strong-after-inflation-beats-expectations-140-targeted\/","title":{"rendered":"GBP\/JPY Strong after Inflation Beats Expectations, 140 Targeted"},"content":{"rendered":"<ul>\n<li>GBP\/JPY continues the yesterday bounce to trade near weekly-tops.<\/li>\n<li>A better than expected UK CPI helps the cross.<\/li>\n<li>Brexit talks optimism assisting the pound.<\/li>\n<li>JPY demand is affected as risk sentiments improve.<\/li>\n<\/ul>\n<p>GBP\/JPY bulls are now eyeing the 140.00 psychological level as the cross refreshed its weekly high after the UK CPI release. The pair built-on the previous day&#8217;s intraday bounce of over 100 pips from the day&#8217;s low, also the one-week low, and gained for the second continuous session today.<\/p>\n<p>The upside momentum in the GBP\/JPY is set by the bullishness in the pound and a reduced appeal for Japanese Yen in a pro-risk broad-market environment.<\/p>\n<p>The UK core price inflation went up by one Percent YoY, much more than market expectations of 0.6 Percent. Such a rise in inflation will help the Bank of England to protect its currency without having to take immediate action to revive the demand side of the economy.<\/p>\n<p>The rise in US equity futures also helped the pair as the optimism took investors way from the haven-linked Yen. The risk perception has turned lower recently as the hopes for a coronavirus vaccine are seeing signs of fruition, and stimulus hopes from the US stay high.<\/p>\n<p>Now, it will be interesting to watch the tussle between GBP\/JPY bulls and bears with both focusing on the ongoing Brexit talks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/JPY continues the yesterday bounce to trade near weekly-tops. A better than expected UK CPI helps the cross. Brexit talks optimism assisting the pound. JPY demand is affected as risk sentiments improve. GBP\/JPY bulls are now eyeing the 140.00 psychological level as the cross refreshed its weekly high after the UK CPI release. The pair [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5134,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,2675],"tags":[1386,1425,1394,3121,2330,2673],"class_list":{"0":"post-103487","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-jpy","9":"tag-brexit","10":"tag-cpi","11":"tag-gbp","12":"tag-gbp-jpy","13":"tag-japanese-yen","14":"tag-jpy"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/JPY Strong after Inflation Beats Expectations, 140 Targeted - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103944-gbp-jpy-strong-after-inflation-beats-expectations-140-targeted\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103944-gbp-jpy-strong-after-inflation-beats-expectations-140-targeted\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103944-gbp-jpy-strong-after-inflation-beats-expectations-140-targeted\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"GBP\\\/JPY Strong after Inflation Beats Expectations, 140 Targeted\",\"datePublished\":\"2020-08-19T12:38:10+00:00\",\"dateModified\":\"2020-08-19T15:30:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103944-gbp-jpy-strong-after-inflation-beats-expectations-140-targeted\\\/\"},\"wordCount\":233,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103944-gbp-jpy-strong-after-inflation-beats-expectations-140-targeted\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100782-gbp-eur-pm-sets-brext-vote.jpg\",\"keywords\":[\"Brexit\",\"cpi\",\"gbp\",\"gbp\\\/jpy\",\"Japanese Yen\",\"JPY\"],\"articleSection\":[\"GBP\",\"JPY\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103944-gbp-jpy-strong-after-inflation-beats-expectations-140-targeted\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103944-gbp-jpy-strong-after-inflation-beats-expectations-140-targeted\\\/\",\"name\":\"GBP\\\/JPY Strong after Inflation Beats Expectations, 140 Targeted - 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