The GBP/JPY pair has seen lower highs since it was rejected from the 200.50-201.00 area in late May. why not? Threats of the Bank of England (BOE) to shift to dovish and mixed data from the UK are deterring the bulls. Meanwhile, a bit of risk aversion and talks about the Bank of Japan potentially considering adjustments to its hawkish policy later this week are fueling demand for the yen. Will this week's UK labor market numbers extend the GBP/JPY downtrend?
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