GBP/JPY remains on the back foot below 197.00 amid intervention fears – FXStreet
The GBP/JPY pair continues to struggle below the 197.00 level amid concerns of intervention. The Japanese yen remains strong against the British pound, putting pressure on the pair. Traders are keeping a close eye on potential interventions by central banks to stabilize the exchange rate. The pair remains on the back foot, with uncertainties surrounding its future movements.