GBP/JPY slides below 160.00 as Yen cheers mixed sentiment, BOJ action – by anilpanchal7 GBPJPY YieldCurve RiskAppetite Crosses FiscalPolicy
GBP/JPY takes offers to refresh intraday low, extends the previous day’s pullback from one-week high.Mixed headlines surrounding China, fears of risk-negative announcements from UK PM Sunak also weigh on prices.GBP/JPY renews intraday low around 159.70 as bears keep the reins for the second consecutive day on early Friday.
It’s worth noting that the Bank of Japan’s third consecutive day of bond market action joins the mixed sentiment to keep the Yen as the market’s favorite.
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