Business leaders are becoming increasingly concerned about the economic consequences of rising prices and trade uncertainty, suggested St. Louis Fed President Alberto Musalem.
Earlier this week, we speculated over the low probability, high impact event of a change in FX language in this week's closing statement from the G7 meeting of Finance Ministers and Central Bank governors in Canada, ING's FX analyst Chris Turner notes.
The GBP/JPY registers modest gains as Friday’s Asian session begins, carrying on an upbeat mood as the pair gained over 0.23% on Thursday, bottoming at around the 192.00 area. At the time of writing, the cross-pair trades at 193.14 virtually unchanged.