GBP/JPY remains resilient as the Japanese Yen faces mounting pressure due to concerns over Japan’s fiscal health. The British Pound has strengthened against the Yen, with the exchange rate hovering around ¥162.30, a notable uptick from earlier levels. The Yen’s ongoing weakness stems from fears regarding Japan's fiscal stability, raising expectations of continued government intervention.
Market attention is now shifting toward the Bank of Japan's interest rate decision, set for Friday. Traders are closely monitoring any hints of policy shifts, with the BoJ expected to maintain its ultra-loose monetary stance. If the central bank shows any signs of tightening, it could influence the GBP/JPY pair's short-term direction, potentially increasing volatility in the currency markets.
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Data Source: FX Killer Analysis Team Updated: 2026-01-22 17:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.