GBP/JPY bounces off daily low, keeps the red above mid-185.00s amid modest JPY strength – FXStreet

The GBP/JPY currency pair has rebounded from its daily low and remains in negative territory above the mid-185.00s. This movement comes as the Japanese yen shows some strength against the British pound. The pair is currently trading below the key level of 185.00, but has managed to bounce back slightly. Traders are keeping a close eye on market developments to determine the next direction for GBP/JPY.