Ella 
During the Asian session on Tuesday, GBP/JPY rose to around 183.70. The pair found upside support following the release of UK employment data.
The Office for National Statistics reported that the ILO unemployment rate in the three months to July was 4.3%, a slight increase from the previous value of 4.2%, but in line with market expectations.
However, employment change figures for July were disappointing, with a loss of 207,000 jobs compared with a loss of 66,000 jobs in the previous month. That’s worse than the expected loss of 185,000 jobs.
On the positive side, jobless claims improved to 900 in August from 29,000 previously.
On Monday, Bank of England (BOE) policymaker Catherine Mann said the time was not yet ripe for the central bank to stop adjusting interest rates. She further emphasized that it would be better for the central bank to tend to raise interest rates too aggressively rather than stop prematurely. These hawkish comments from Bank of England policymakers are likely to support GBP and provide support for the GBP/JPY pair.
On the other hand, Bank of Japan Governor Kazuo Ueda made hawkish remarks in an interview with the Yomiuri Shimbun over the weekend. Ueda Kazuo said that the Bank of Japan is gradually approaching the possibility of reversing the negative interest rate policy, which has provided support for the Japanese yen (JPY).
The policymaker said the negative interest rates set by the Bank of Japan could change before the end of the year. Recent economic data from Japan suggests the Bank of Japan is on track to achieve its 2% annual inflation target.
Market participants will now look to UK monthly gross domestic product (MoM) and manufacturing production for July, due out on Wednesday, for trading opportunities on the GBP/JPY pair.
