By Rob Howard — Oct 31 - 09:45 AM
Cable falls to 1.2135 (intra-day low) as USD/JPY rises to threaten 151
1.2201 was GBP/USD one-week high when GBP/JPY outperformed USD/JPY earlier
Yen weakness follows BoJ's Halloween tweak, zero Japan FX intervention news
US labor costs up 1.1% in Q3 vs 1.0% f/c. US August home prices up 5.6% YY
Bids may emerge around 1.2100 if cable extends south (1.2090 was Monday low)
Sarah Breeden replaces Jon Cunliffe on BoE MPC as of Wednesday (Nov 1)
Source:
Refinitiv IFR Research/Market Commentary