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fxJul 6, 2026, 10:51 PM

GBP/JPY Hits 18-Year High Above 217.00

The British pound surged to an 18-year high against the Japanese yen, breaking above 217.00 for the first time since January and surpassing the previous year-to-date high of 216.60.

GBPJPY

The GBP/JPY cross-pair rallied sharply, climbing over 0.77% to reach levels above 217.00 for the first time in 18 years. The move clears the prior year-to-date high of 216.60, marking a significant breakout.

The rally comes as the British pound continues to strengthen against the Japanese yen, driven by ongoing divergence in monetary policy expectations between the Bank of England and the Bank of Japan. Traders are watching for further upside momentum as the pair enters uncharted territory.

Key resistance levels now lie at the psychological 218.00 mark, while support is seen near the previous YTD high of 216.60. A sustained move above current levels could open the door for additional gains.

Source: FXStreet Forex News