Sterling Rises vs Yen on UK Data; GBP/JPY Tests 190 Level, Buoyed by Upbeat Momentum
• GBP/JPY tested into high end as Yen declines; UK budget deficit tumbled in January
• UK Services PMI expected to tick down slightly; Manufacturing PMI seen improving a bit
• GBP/JPY technicals show continued upside momentum, supported by 200-hour SMA
• Pair keeps testing 190.00 major handle, up 6% after rebound from 2023 swing low
• UK consumer confidence, PMIs due this week; Japan on holiday Thursday for emperor's birthday