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GBPJPY News And Catalyst Brief The linked stories point to a market that is reacting mainly to around inflation and central-bank policy. GBPJPY has a balanced headline read, with inflation data, central-bank expectations, and commodity pressure setting the volatility backdrop. Final bias: neutral until price accepts a level outside the current pivot range. That makes the technical map more important, not less important, because price still has to confirm the macro story. Ecb's simkus: $100 oil will have repercussions on inflation. Eurozone ecb 1 year cpi expectations jun: 3.0% (est 3.2%; prev 3.5%) – ecb 3 year cpi expectations: 2.8% (est 2.9%; prev 2.9%). Ecb's kocher: ecb will act if...