GBP/JPY CAUTIOUSLY ROSE FOR WEDNESDAY, TESTING 181.00 REGION
GBP/JPY is floating higher, albeit cautiously, after an unconfirmed BoJ FX intervention on Tuesday.
The Pound Sterling has struggled against the Yen lately, down 3% from recent highs.
The BoJ has so far refused to confirm or deny operations to defend the JPY in open markets.
The GBP/JPY caught a mild lift in Wednesday trading, reaching an intraday peak of 181.26, extending the rebound from Tuesday's bottom of 178.08.
The Japanese Yen (JPY) rapidly appreciated on Tuesday, with the GBP/JPY plummeting around 300 pips within a matter of seconds, and it remains unconfirmed that the Bank of Japan (BoJ) intervened in FX markets to defend the Yen.
With the economic calendar devoid of any meaningful data for either the Pound Sterling (GBP) or the Yen, broader market sentiment is set to drive the pair around the charts heading through the back half of the trading week.
Thursday will bring Japanese Labor Cash Earnings, with the annualized figure for August last printing at 1.3%
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