GBP/JPY is the top performer in the past week and gained another 40 pips today to 172.72.
The pair is now testing the downtrend from the Jan-April highs.
GBP/JPY daily
The pound continues to ride a wave of upbeat economic data but the real movement in this pair is likely to come on the JPY side. If the BOJ upgrades its inflation forecast next week, the chance of strength in yen crosses is severely diminished.
