Despite the powerful Pound sterling, the GBPJPY has been trading in a narrow range between 154.83 and 154.39 for the past two days. On upbeat UK employment data and broad-based US dollar selling, the GBPUSD soared above 1.4200. Markets are anticipating today's release of UK CPUI data for further guidance. Any break above 1.4240 signals a continuation of the bullish trend. The USDJPY is battling to close above 109.
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