GBP/USD rebounds after two days of gains, trading around 1.3560 during the Asian hours on Friday. The technical analysis of the daily chart points to a potential bearish reversal as the pair is positioned near the lower boundary of an ascending channel pattern.
Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Friday that central bank is not behind the curve in dealing with inflation. Masu further stated that BoJ shouldn't raise rates too quickly in a way that derails Japan's economic recovery.
The Indian Rupee (INR) remains broadly unchanged against the US Dollar (USD) at around 90.35, despite the Reserve Bank of India’s (RBI) monetary policy announcement, in which it has left the Repo Rate unchanged at 5.25%, as expected.