GBP/USD Weekly Outlook: Bearish risks loom amid recovery from 14-month lows
The USD/JPY sell-off led by the Bank of Japan’s (BoJ) hawkish 25 bps rate hike exacerbated the pain in the Greenback. Ahead of the weekend, the mixed PMI data from the US didn't allow the USD to gather strength against its rivals. In January's flash estimate, S&P Global Composite PMI retreated to 52.4 from 55.4 in December.