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fxJun 24, 2026, 2:02 PM

British Pound Slides Against Yen as BoJ Hawkishness Boosts JPY

GBP/JPY falls on Wednesday as the Japanese Yen strengthens on hawkish signals from the Bank of Japan, with the cross trading near 212.91.

GBPJPY

The British Pound declined against the Japanese Yen on Wednesday, with the GBP/JPY cross trading around 212.91 at the time of writing. The Yen outperformed major peers after the Bank of Japan (BoJ) delivered hawkish signals, boosting demand for the Japanese currency.

The move reflects growing expectations of tighter monetary policy from the BoJ, which continues to contrast with the Bank of England's more cautious stance. Traders are now watching for further developments that could drive additional yen strength.

Source: FXStreet Forex News