The GBP/JPY cross edges lower to 191.72 during the early European session on Friday.
GBP/JPY loses momentum around 191.65, down 0.31%on the day. The UK Retail Sales came in at 0% MoM in March from a 0.1% rise in the previous reading, weaker than expected. The report that an Israeli missile has hit Iran lift the Japanese Yen against the Pound Sterling. The downbeat UK Retail Sales weigh on the Pound Sterling .
On the other hand, Bank of Japan board member AsahiNoguchisaid on Thursday that the“main scenario is that future rate hikes are likely to be slow, but that depends oneconomic data, while BoJ Governor Kazuo Ueda said that the Japanese central bank may raise interest rates again if theYen'sdeclines considerably increase inflation. Ueda further stated that the impact of FX moves might affect the timing of thenextpolicy shift.
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