GBP/JPY rises to near 189.00 despite a downbeat UK inflation report – FXStreet

The GBP/JPY pair has climbed to nearly 189.00 despite a discouraging UK inflation report. The increase in the exchange rate shows strength in the British pound against the Japanese yen. While the UK inflation report may have been negative, the GBP/JPY pair continues to rise, indicating a bullish trend.