GBP/JPY, the currency pair between the British pound and the Japanese yen, has stepped back from its multi-month high and dropped below the 153.00 level. This comes ahead of the Bank of Japan’s Deputy Governor Masayoshi Amamiya’s speech.
The GBP/JPY pair had been trading near its highest levels in several months, but has now started to retreat. This movement indicates a shift in market sentiment towards the pair.
Investors are now closely watching the Bank of Japan’s upcoming statements, as they could potentially impact the direction of the GBP/JPY pair in the near future.
Overall, the GBP/JPY pair’s recent decline below 153.00 suggests a potential change in market dynamics, and traders will be keeping a close eye on upcoming events to gauge the pair’s future movements.