- GBP/JPY pumps the brakes as the pair churns near 200.00.
- Thin economic calendar this week allows the Guppy to find balance.
- Hectic data schedule on the cards for next week.
GBP/JPY is cruising through a data-light week, cycling between 200.00 and 199.00 as investors await higher-impact calendar releases from both the UK and Japan. The Volatility-prone pair has found a brief cool spot despite the Guppy holding up over 11% for the year.
This week saw strictly low-impact data releases from the UK and Japan, though investors are keeping a close eye on any statements from the Bank of Japan (BoJ). Policymakers at the Japanese central bank are slowly getting pushed towards making trims to their various easing and bond-buying programs, but a deep-seated fear of a return to stagnant inflation conditions in Japan has kept the BoJ in a hyper-easy policy stance.
A battered Yen has been pushed deeply into the red through 2024 as wide rate differential force the JPY lower across the board, but impending rate cuts from most of the global major central banks is set to ease some pressure and trim the differential, which could give the beleaguered JPY a leg up.
Next week, Japanese Q1 Gross Domestic Product (GDP) figures are due early Tuesday, though investors broadly expect Japanese GDP growth to hold near -0.5% QoQ. On the UK side, fresh labor figures are also due on Tuesday, and the UK is expected to shed -177K jobs in the three months ended April.
GBP/JPY technical outlook
Near-term momentum has drained out of the Guppy as prices slump into the midrange, planted firmly just above the 199.00 handle with the 200-hour Exponential Moving Average (EMA) at 199.33. GBP/JPY hit a record 34-year high at 200.75 in late May, and the pair has steadied after a recent plunge towards 197.00.
GBP/JPY hourly chart
GBP/JPY daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks

EUR/USD accelerates losses to 1.0930 on stronger Dollar
The US Dollar's recovery regains extra impulse sending the US Dollar Index to fresh highs and relegating EUR/USD to navigate the area of daily troughs around 1.0930 in the latter part of Friday's session.

GBP/USD plummets to four-week lows near 1.2850
The US Dollar's rebound keep gathering steam and now sends GBP/USD to the area of multi-week lows in the 1.2850 region amid the broad-based pullback in the risk-associated universe.

Gold trades on the back foot, flirts with $3,000
Gold prices are accelerating their daily decline, steadily approaching the critical $3,000 per troy ounce mark as the Greenback's rebound gains extra momentum and US yields tighten their retracement.

Can Maker break $1,450 hurdle as whales launch buying spree?
Maker holds steadily above $1,250 support as a whale scoops $1.21 million worth of MKR. Addresses with a 100k to 1 million MKR balance now account for 24.27% of Maker’s total supply. Maker battles a bear flag pattern as bulls gather for an epic weekend move.

Strategic implications of “Liberation Day”
Liberation Day in the United States came with extremely protectionist and inward-looking tariff policy aimed at just about all U.S. trading partners. In this report, we outline some of the more strategic implications of Liberation Day and developments we will be paying close attention to going forward.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.