GBP/JPY is currently consolidating below the significant resistance level of 205.50 during Tuesday's trading session. The exchange rate sits at 205.44, reflecting a slight decline of 0.08%. This movement comes in the wake of a stronger Japanese Yen (JPY), which has gained traction amid speculation about possible intervention by the Bank of Japan (BoJ) in the foreign exchange markets.
Market participants are also closely monitoring the upcoming UK fiscal budget, which could influence the Pound Sterling's performance. As traders assess the potential impacts on the currency pair, the GBP/JPY remains under pressure, indicating a cautious sentiment as they await further developments that could shape trading strategies in the near term.
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Data Source: FX Killer Analysis Team Updated: 2025-11-25 23:17
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.