GBP/JPY Bounces to 213.40 as Intervention Risks Rise
The British Pound trimmed losses against the Japanese Yen on Thursday, with GBP/JPY recovering to 213.40 after hitting lows near 212.50. Intervention risks are increasing.
GBPJPY
The British Pound (GBP) bounced against the Japanese Yen (JPY) on Thursday, with the GBP/JPY pair trading around 213.40 after dipping to lows near 212.50.
Intervention risks are on the rise, adding a layer of caution for traders. The bounce comes as the market weighs potential action from Japanese authorities to stem further yen weakness.
Source: FXStreet Forex News