GBP/JPY is experiencing a continued downward trend as changes in interest rate differentials have shifted course. The Japanese yen has been gaining strength against the British pound, resulting in a rebalance in the currency pair. This shift in the exchange rate is a result of changes in monetary policy and economic conditions in both countries. Traders and investors are closely monitoring these developments to assess the impact on the forex market. The GBP/JPY pair is expected to maintain its downside momentum in the near term as the rate differential continues to influence trading dynamics.
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