英镑/日元 (GBPJPY) 加自选

英国央行的泰勒：我认为我们需要走一条较低的货币政策道路。英国央行（BoE）政策制定者Alan Taylor周五告诉英国《金融时报》，“我认为我们需要走一条较低的（货币）政策道路。”

BoE's Taylor: I thought we needed to be on a lower monetary policy path.Bank of England (BoE) policymaker Alan Taylor told the Financial Times (FT) on Friday, “I thought we needed to be on a lower [monetary] policy path.”

日本4月工业生产环比下降0.9%，但预计5月将反弹。日本4月份工业生产环比下降0.9%，降幅比预期的-1.4%要小。经济、贸易和工业部坚持认为，生产“波动不定”，反映了持续的不确定性，特别是在全球贸易发展方面。

Japan's industrial production falls -0.9% mom in April, but May rebound expected.Japan's industrial production fell by -0.9% mom in April, a milder decline than the expected -1.4%. The Ministry of Economy, Trade and Industry maintained its view that production “fluctuates indecisively,” reflecting ongoing uncertainty, particularly around global trade developments.

周五，在东京核心通胀强于预期后，日元兑美元升值超过144，延续了前一交易日的涨幅。乐观的数据增强了人们对日本央行可能进一步加息的预期，市场预计7月份将加息25个基点。日本央行行长上田和夫周五发表讲话时指出，央行最近下调通胀预测反映了几个因素，包括贸易政策不确定性带来的全球增长风险增加、成本推动型通胀缓解以及原油价格大幅下跌。然而，他强调，修订后的前景不会影响日本央行的近期利率决定，这些决定仍以实现2%的通胀目标为基础。从外部来看，在美国上诉法院恢复唐纳德·特朗普总统的互惠关税，推翻了早些时候的联邦法院裁决后，日元也受到了新的避险需求的支持。

The Japanese yen appreciated past 144 per dollar on Friday, extending gains from the previous session after Tokyo’s core inflation came in stronger than expected. The upbeat data reinforced expectations that the Bank of Japan may move forward with additional interest rate hikes, with markets anticipating a 25 basis point increase in July. Speaking on Friday, BOJ Governor Kazuo Ueda noted that the central bank’s recent downgrade to its inflation forecasts reflected several factors, including mounting global growth risks from trade policy uncertainty, easing cost-push inflation, and the sharp decline in crude oil prices. However, he emphasized that the revised outlook would not affect the BOJ’s near-term rate decisions, which remain anchored to achieving its 2% inflation target. Externally, the yen also drew support from renewed safe-haven demand after a US appeals court reinstated President Donald Trump’s reciprocal tariffs, overturning an earlier federal court ruling.

英国央行的贝利强调，在通胀意外和贸易不确定性的情况下，对降息持谨慎态度。英国央行行长安德鲁·贝利强调，鉴于全球贸易的不确定性及其对国内通胀的影响，未来降息需要采取“渐进和谨慎”的方法。

BoE's Bailey stresses caution on rate cuts amid inflation surprises and trade uncertainty.BoE Governor Andrew Bailey emphasized the need for a “gradual and careful” approach to future interest rate cuts in light of lingering global trade uncertainty and its impact on domestic inflation.