GBP/JPY plunges below 201.00 as Yen recovery continues – FXStreet

The GBP/JPY pair has dropped below the 201.00 level as the Japanese Yen continues to strengthen. The ongoing Yen recovery has pushed the pair lower in recent trading sessions. Traders are closely watching the developments in the currency markets as the Yen gains ground against the British Pound. The GBP/JPY pair’s decline below 201.00 reflects the current trend of Yen strength in the market. Investors are monitoring the situation closely for further insights into how the currency pair may perform in the near future.