Day: June 10, 2024

GBP/JPY Hovers Near 200.00 as BoJ Decision Looms Large

The GBP/JPY currency pair is experiencing choppy trading around the 200.00 level, continuing a recent consolidation phase. This comes as both the British Pound (GBP) and Japanese Yen (JPY) grapple with disappointing economic data releases. Japan’s first-quarter Gross Domestic Product (GDP) contracted by 0.5% quarter-over-quarter, making it increasingly challenging for the Bank of Japan (BoJ) […]

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