A combination of factors failed to assist GBP/JPY to capitalize on its intraday positive move. The prevalent cautious mood benefitted the safe-haven JPY and capped any meaningful gains. Stronger UK inflation figures extended some support to the GBP and helped limit the downside. The GBP/JPY cross retreated around 30-35 pips from daily tops and was last seen trading with only modest gains, just above the key 155.00 psychological mark. The cross struggled to capitalize on its intraday positive move, instead met with some fresh supply near the 155.

https://www.fxstreet.com/news/gbp-jpy-trims-a-part-of-intraday-gains-holds-steady-above-15500-mark-202106160923

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