GBP/JPY maintains position above 198.00 after LDP Ishiba re-elects as Japan Prime Minister – FXStreet

The GBP/JPY continues to hold its position above 198.00 after the re-election of LDP Ishiba as Japan’s Prime Minister. This development has had an impact on the currency pair, with traders closely monitoring the situation. The GBP/JPY has remained relatively stable following this news, as market participants assess the implications of Ishiba’s re-election on the Japanese economy. Investors are advised to keep a close eye on developments in Japan, as they may have a significant impact on the GBP/JPY exchange rate in the near future.