The British Pound (GBP) softens against the Japanese Yen (JPY) at the start of the week as hawkish comments from the Bank of Japan (BoJ) Governor Kazuo Ueda lift the Yen across the board. GBP/JPY trades near 205.25 at the time of writing, marking its lowest level in five days.
The British Pound has accelerated its uptrend on Friday, reaching fresh two-week highs in the area of 203.90, buoyed by an unexpected increase of September’s UK Retail Sales figures, and is on track to close the week with a o0.8% advance, its best weekly performance since July.
The GBP/JPY pair edges lower on Thursday, trading around 204.40, down about 0.1% on the day. After four consecutive days of gains, the British Pound (GBP) takes a breather against the Japanese Yen (JPY).