GBP/JPY sinks to a fresh weekly low near 181.00 to close out the week

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• The GBP/JPY slipped back towards the 181.00 handle heading into the Friday close.
• The Yen is seeing recovery across the marketspace, sending the GBP down 1.3% from the week’s high.
• BoJ policy statement due next Tuesday, BoE rate call Thursday.

The GBP/JPY twisted back into familiar low side territory for the week, capping off Friday’s trading just north of the 181.00 handle. The Guppy hit a fresh low for the week at 181.04 before catching a bounceback into 181.40 at the closing bell.