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fxJun 9, 2026, 1:53 PM

GBP Rises Against JPY on BoJ Bond-Tapering Pause Report

The British Pound strengthened against the Japanese Yen on Tuesday, supported by easing Middle East tensions and a Reuters report that the Bank of Japan is considering pausing its bond-tapering program.

GBPJPY

The British Pound (GBP) gained ground against the Japanese Yen (JPY) during Tuesday's trading session. Risk-sensitive assets found support from signs of de-escalation in the Middle East conflict, which boosted demand for currencies like the Pound.

The Japanese Yen, meanwhile, came under pressure following a Reuters report indicating that the Bank of Japan (BoJ) is considering a pause in its bond-tapering measures. This speculation weighed on the Yen, allowing GBP/JPY to climb.

No further details on the potential BoJ decision or timeline were available at the time of reporting. Traders will watch for any official comments from the BoJ for further direction.

Source: FXStreet Forex News