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GBP/JPY rallies at five-year highs, braces to 157.00

1 month ago   |   By FXCM

The British pound continues its rally against the Japanese yen on the back of BoE's hiking rates expectations.
The market sentiment is upbeat, boosting risk-sensitive currencies like the Sterling.
Japanese Finance Minister said that currency stability is “very important” and will keep an eye on the forex market moves.
The GBP/JPY extends its seven-day rally during the New York session, advances 1.09%, is trading at 157.14 at the time of writing. As witnessed by the US equity stocks rising between 0.48% and 1.13%, risk-on market sentiment in the financial markets weighs on the safe-haven...
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