GBP/JPY Rises 0.5% as Trump Says Iran Wants Deal Badly
The British pound strengthened against the Japanese yen on Thursday after US President Donald Trump stated that Iran had reached out and wants to make a deal, boosting risk appetite. GBP/JPY traded at 217.76, near its year-to-date high.
GBP/JPY advanced approximately 0.50% on Thursday, extending its bullish trend as a higher-high structure remains intact. The move was supported by improved risk sentiment following remarks from US President Donald Trump, who said Iran had reached out and "wants to make a deal badly."
At the time of writing, the pair traded at 217.76, nearing its year-to-date peak. Traders now focus on potential developments in US-Iran relations and any forthcoming commentary from the Bank of Japan or Bank of England.
Source: FXStreet Forex News