ECB head Lagarde: so far we see no signs that inflationary pressures are becoming widespread.

GBP/JPY is declining from 2-week highs, approaching 151.50.

EUR/JPY remains under pressure and is testing 128.00.

UOB Group analysts write ahead of the Bank of England's monetary policy meeting scheduled for this week that the regulator's first rate hike should not be expected until 2023.

Final Japanese Industrial Production for July decreased 1.5% monthly and increased 11.6% annualized. Forex traders can compare this to Japanese Industrial Production for June, which increased 6.5% monthly and 23.0% annualized. Capacity Utilization for July decreased 3.4% monthly. Forex traders can compare this to Capacity Utilization for June, which increased 6.2% monthly.

EUR/JPY was able to continue the rally which started after the NFP report and reached 130.20, before going back to 130.60.

Bank of England, Saunders: we don't need as much stimulus as before.