GBP/JPY steadied around 210.70 during European trading hours on Wednesday, following two consecutive days of losses. The currency pair's limited movement can be attributed to holiday-thinned trading conditions, which often result in reduced volatility across the forex market.
The Japanese yen (JPY) weakened as investors analyzed the implications of Japan's expansive fiscal policy. With the central bank's focus on stimulating the economy, the yen faces challenges in gaining traction against major currencies like the USD and EUR. As traders remain cautious, the GBP/JPY exchange rate reflects the ongoing balance between risk appetite and economic fundamentals.
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Data Source: FX Killer Analysis Team Updated: 2025-12-31 08:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.