GBP/JPY remains on the defensive below 198.00 amid expectations for BoJ rate hike – FXStreet
The GBP/JPY pair continues to stay below 198.00 as expectations for a Bank of Japan (BoJ) rate hike loom. The currency pair remains on the defensive, with investors closely monitoring any potential changes in interest rates by the BoJ. Traders are keeping a close eye on developments in the market as they assess the impact of a possible rate hike on the GBP/JPY pair.