Exness: Japanese prices rose and incomes fell, with the pound / yen breaking 165

　　 pound / The yen pair performed well in Asia . The cross plate advances rapidly , There are no major amendments , And set a high in the market 165.00. With the yen generally weak , The currency pair chose to buy .

　　 Bank of Japan (BOJ) Committed to restoring its fragile economy to its pre epidemic growth level , And is committed to keeping the inflation rate at 2% above . However , Ultra loose interest rates at the Bank of Japan and unlimited purchases of Japanese government bonds (JGB) Driven by maintaining a low yield , The yen fell like a house of cards for a long time . Bank of Japan governor Haruhiko Kuroda has constantly stressed the need to raise wages to keep inflation above ideal levels .

 

　　 meanwhile , Households in the UK economy are facing the downside of declining incomes and rising inflation . Sometimes , When individuals need higher salaries to cope with higher price pressures , Lower incomes can dampen their emotions .

　　 besides , Lower retail sales data will keep Sterling bulls on alert . The annual rate of economic data is -5.8%, Less than expected -5.3% And the previously announced annual rate -4.7%. Investors should realize , At present, higher price pressure is driving retail sales . And the low retail sales data shows that the overall demand is extremely weak . The decline in overall demand and earnings may limit the Bank of England (BOE) Go all out and pass this sharp interest rate hike .