GBP/JPY PINNING BACK INTO THE WEEK'S HIGHS AS MARKET RISK APPETITE RECOVERS FOR FRIDAY
The GBP/JPY is catching a late-week lift as investors jump back into risk assets.
Market sentiment has flipped positive to close out the trading week.
The US NFP printing has sent the entire market broadly risk-on and most pairs are recovering the week's downside action.
The GBP/JPY is tapping into the week's highs near 182.80 after catching a firm lift on rebounding investor market sentiment, climbing a full 1% from the day's lows just past the 181.00 handle and is now testing 182.75 after a 180-pip climb.
Broader markets went firmly risk-on following the US Non-Farm Payrolls (NFP) data beat, with the NFP showing 336K jobs added to the US economy, well above the forecast 170K. Market sentiment has turned firmly bullish on the bumper reading, sending risk assets back into weekly highs, sending markets broadly into the green for the Friday trading session.
The GBP/JPY tapped into 182.80 on the post-NFP market run-up, and is currently trading into 182.70 as the trading week wraps up another Friday session.
Japanese Labor Cash Earnings missed expectations in the early Friday trading session, holding flat at the previous printing of 1.1% and flubbing market expectations of a rise to 1.5%, and Guppy traders will be looking ahead to Monday's UK BRC Like-For-Like Retail Sales on Monday, which last showed similar retail sales rising 4.3% for the annualized period into August.
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