GBP/JPY trades flat ahead of UK CPI figures

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• The GBP/JPY trades with mild losses near 181.40.
• Soft Chinese data limits Yen’s upside potential.
• Eyes on Japan’s Trade Balance Data on Thursday and England’s CPI figures on Tuesday.

On Monday, the GBP/JPY cross trades near 181.40 after tallying two consecutive days of gains. The JPY’s upside potential is limited as weak Gross Domestic Product (GDP) data from Q2 and mixed Retail Sales from June from China may continue to soften the Japanese economy while markets await inflation data from the UK on Tuesday.