The British Pound (GBP) is experiencing a decline against the Japanese Yen (JPY) on Thursday, with the GBP/JPY exchange rate hovering around 212.35. This marks a continuation of losses for the second consecutive day as the Yen gains strength amid renewed speculation of intervention following its recent downtrend.
As the relative strength index (RSI) eases from overbought territory, the upside momentum for GBP/JPY appears to be cooling. The currency pair is currently trading near multi-year highs, raising questions about the sustainability of its recent performance. Investors are closely monitoring these developments as potential shifts in market sentiment could impact trading strategies going forward.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 15:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.