{"id":90985,"date":"2023-10-16T23:57:22","date_gmt":"2023-10-16T19:57:22","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=90985"},"modified":"2023-10-16T23:32:52","modified_gmt":"2023-10-16T19:32:52","slug":"gbp-jpy-rebounds-on-dovish-boe","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-jpy-rebounds-on-dovish-boe\/10\/16\/market-updates\/","title":{"rendered":"GBP\/JPY rebounds on dovish BoE"},"content":{"rendered":"\n<p>The GBP\/JPY is rebounding from last week&#8217;s dip. It is a heavy week on the economic calendar for the Pound Sterling, with wages, inflation, and Retail Sales inbound.<br><br>Dovish comments from BoE officials are capping upside potential for the GBP. The GBP\/JPY is seeing gains for Monday, trading into 182.50 after Friday&#8217;s dip into 181.27 on broad-market risk aversion.<br><br>Sterling is catching some early-week lift against the Japanese Yen (JPY) to kick off the new trading week as Guppy traders brace for a tense showing on the economic calendar this week.<br><br>UK earnings figures are due on Tuesday, and investors are forecasting total Average Earnings (plus bonuses) to dip slightly from 8.5% to 8.3%, with Average Earnings (excluding bonuses) seen holding steady at 7.8% for the quarter into August.<br><br>UK Consumer Price Index inflation figures are due on Wednesday, with markets expecting the monthly figure for September ticking up slightly from 0.3% to 0.4%, and the annualized figure for September is forecast to decline slightly from 6.7% to 6.5%.<br><br>Over the horizon, Friday has UK Retail Sales on the docket, where investors are forecasting a -0.1% decline in September after the previous month&#8217;s 0.4%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/JPY is rebounding from last week&#8217;s dip. It is a heavy week on the economic calendar for the Pound Sterling, with wages, inflation, and Retail Sales inbound.Dovish comments from BoE officials are capping upside potential for the GBP. The GBP\/JPY is seeing gains for Monday, trading into 182.50 after Friday&#8217;s dip into 181.27 on &hellip;<\/p>\n","protected":false},"author":13,"featured_media":74804,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6967,8608],"class_list":["post-90985","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boe","tag-gbp-jpy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=90985"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90985\/revisions"}],"predecessor-version":[{"id":90990,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90985\/revisions\/90990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/74804"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=90985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=90985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=90985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}