GBP/JPY suffers due to risk-off and weak UK data

The GBP/JPY pair fell to a low of 172.94 on a weaker-than-expected UK data and risk-off in the equities, before recovering slightly to trade around 173.30 levels.
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European Monetary Union Producer Price Index (YoY) came in at -3%, below expectations (-2.8%) in December

European Monetary Union Producer Price Index (YoY) came in at -3%, below expectations (-2.8%) in December
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