Sterling Slips as Traders Brace for BoE and BoJ Policy Decisions This Week
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GBP/JPY retreating to 183.00 as traders await monetary policy decisions from the BoE and BoJ this week.
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UK inflation data on Wednesday will set the stage for the BoE rate decision on Thursday, where a 25bps hike is expected.
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Japan trade balance figures out late Tuesday could trigger JPY volatility.
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BoJ expected to maintain negative interest rate policy at Friday's meeting despite hints of a potential exit strategy.
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UK retail sales slated for Friday, with a modest rebound forecast following last month's decline.