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fxJul 16, 2026, 9:57 PM

GBP/JPY Retreats from 18-Year High, Yen Recovers

The GBP/JPY pair retreated from a new 18-year high of 219.62 on Wednesday, falling to 218.80 on Thursday as the Japanese Yen recovered strength.

GBPJPY

The GBP/JPY cross-pair pulled back from an 18-year peak on Wednesday, reaching 219.62 before reversing. On Thursday, it traded around 218.80, down 0.34%, as the yen staged a recovery against the pound.

The retreat suggests profit-taking after the prolonged rally, though the pair remains near elevated levels. Traders are watching for further yen strength or potential support near 218.00.

Source: FXStreet Forex News