GBP/JPY Holds Steady Above mid-216.00s on Iran Risks, Rate Gap
GBP/JPY rebounded from a dip to the mid-216.00s on Monday, stalling a pullback from its highest level since January 2008. The yen remains under pressure from Iran-related geopolitical risks and interest rate differentials.
GBPJPY
The GBP/JPY cross traded steadily on Monday, recovering from a dip to the mid-216.00s during the Asian session. This move stalled a modest pullback from the highest level since January 2008.
The yen continues to face headwinds from geopolitical tensions linked to Iran and the persistent interest rate gap between Japan and other major economies.
Source: FXStreet Forex News