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Forex: GBP/JPY reacts positively after the UK CPIFITITOL–>FXstreet.com (Barcelona) ? The Sterling has reacted up against the Yen on the back of the better than expected UK Consumer Price Index in October. GBP/JPY has risen around 80 pips in the last hour from intra-day low at 148.35 to break MA55 and MA200 hourly zone at 149.75/85 and hits daily high at 150.17.
Currently the pair is trading around 150.00/10, 0.20% above today’s opening price action at 149.70. GBP/JPY has been trading in a narrow range between 149.50 and 150.00 during the Asian session.
UK CPI has risen 0.2% between September and October, above 0.1% expected by market. Yearly data, inflation has posted 1.5% in October, well above 1.1% posted in September.
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