The Bank of Japan (BoJ) will be announcing their interest rate decision tomorrow at a tentative timing. It is expected that the central bank will be holding interest rate unchanged at -0.10% while no new monetary policy changes will be carried out. A press conference will also be held at a tentative timing after the announcement.
The UK employment data released yesterday indicated an increase in the number of claimants for unemployment benefits in August and a slight increase in the unemployment rate in August.
The UK CPI y/y data will be released later at 1400 (SGT).
CPI y/y (Forecast: 0.1%, Previous: 1.0%)
Core CPI y/y (Forecast: 0.7%, Previous: 1.8%)
GBP/JPY’s next support zone is at 133.780 and the next resistance zone is at 136.200. If the released CPI data is overall poor, look for selling opportunities of GBP/JPY.