Sterling lifting against the Yen as markets recover cautiously. The BoE is due later with another rate call that is expected to hold steady. The GBP/JPY is trading into 145.50 in Thursday’s Asia session ahead of an upcoming Bank of England (BoE) showing for another rate call. The Sterling is walking higher against the Yen as broader markets cautiously recover from the early week’s risk aversion, and the GBP/JPY pair is looking to stage a correction against the latest leg down for the pair. The Yen has a quiet Thursday lined up with National CPI due at 23:30 GMT, but the headline figure, which is expected to decline from 0.6% to 0.3%, but with the Tokyo CPI figures being a fairly accurate bellwether of national inflation, and releasing several weeks earlier, impact is likely to be limited, while on the Sterling side will be another rate call from the BoE, where the central bank is widely expected to remain stalled on a potential rate hike, and hopes of a summer rate hike are beginning to fade as the ‘first quarter slowdown’ continues to seep further and further into the rest of the year. GBP/JPY levels to watch With the pair crawling higher for Thursday, the immediate challenge for bulls will be to make a break of the 145.70 level and then hold it in order to make a run at last week’s high of 147.85, while a decline breaking the 144.40 level will quickly run into the May low at 143.20. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD bounces-off fresh 2018 lows near 0.6830, NZ GDP still weighs FX Street 5 years Sterling lifting against the Yen as markets recover cautiously. The BoE is due later with another rate call that is expected to hold steady. The GBP/JPY is trading into 145.50 in Thursday's Asia session ahead of an upcoming Bank of England (BoE) showing for another rate call. The Sterling is walking higher against the Yen as broader markets cautiously recover from the early week's risk aversion, and the GBP/JPY pair is looking to stage a correction against the latest leg down for the pair. The Yen has a quiet Thursday lined up with National CPI due at 23:30 GMT, but… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.