US: Reuters/Michigan Consumer Sentiment Index unchanged in February

GBP/JPY has some way to go before it makes such an impression on markets as cable has done so. The pair is still some four big figures away from highs witnessed at the start of the year. But, we have the BoJ coming up soon this month, 17-18 February, which might bring some action into the Yen given it’s recent weakness and effects on CPI inflation - this could ultimately bring some headwinds about for the cross.