GBP/JPY PRICE ANALYSIS: HOVERS AROUND 188.00 ON BOJ RATE CUT SPECULATION

• GBP/JPY down, near 188.04, on BoJ policy change rumors.
• Sterling's future uncertain without UK data; employment figures crucial.
• Technical signs suggest more drops; key support levels watched.

The GBP/JPY clings to the 188.00 figure and prints losses of 0.51% in the mid-North American session. The pair exchanges hands at 188.04 after dropping from a daily high of 189.17.

Rumors about a sudden end of negative interest rates by the Bank of Japan (BoJ) sponsored a leg up in the Yen against most G7 currencies. An absent UK economic docket keeps Sterling pressured, though employment figures could favor Cable on Tuesday.