Day: June 26, 2024

GBP/JPY Soars to New 16-Year High Amid Yen’s Prolonged Weakness

The GBP/JPY pair reached a fresh 16-year high on Wednesday, extending its impressive winning streak for the fourth consecutive day. This surge is fueled by the Japanese Yen’s (JPY) persistent weakness, despite increasingly stern warnings from Japanese policymakers regarding its rapid depreciation. Market Drivers: BoJ Inaction and Yen’s Vulnerability Technical Analysis: GBP/JPY Faces Limited Resistance […]

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