The GBP/JPY currency pair is trading positively for the second consecutive day, with the exchange rate climbing back above the 206.00 level during the early European session. This upward movement reflects a robust buying sentiment, as traders remain optimistic about further gains in the short term.
However, gains appear limited as expectations for a Bank of Japan rate hike continue to provide support for the Japanese yen. As market participants weigh the potential implications of such a shift in monetary policy, the GBP/JPY's upside seems capped for now, suggesting careful trading strategies may be warranted in this volatile environment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 07:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.