GBP/JPY bulls attack 185.00 during a two-day winning streak amid Tuesday’s Asian session. In doing so, the cross-currency pair fails to justify the mi
xed signals about the British and the Japanese spending but traces the recently firmer Treasury bond yields.
On the other hand, Japanese household spending marks the biggest fall since February 2021, as well as declining for the fifth consecutive month, to -5.0% in July versus -2.5% market forecasts. It’s worth noting that the final readings of Japan’s Jibun Bank Services PMI for August confirmed the initial forecasts of 54.3.
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