GBP/JPY Price Forecast: Rebounds after hammer, eyes on 200-day SMA breakout
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The GBP/JPY currency pair is experiencing a modest rebound in the Asian trading session, currently trading at 193.64. Despite Tuesday's 0.22% loss driven by risk aversion related to US trade policies, the pair is showing potential for a 200-day Simple Moving Average (SMA) breakout.
April 01, 2025 | 11:15 pm
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The currency market dynamics, particularly around GBP/JPY, could influence the Invesco CurrencyShares Japanese Yen Trust (FXY) as investors assess trade policy impacts.
While the article focuses on GBP/JPY, the broader currency market movements could indirectly affect the Japanese Yen ETF through market sentiment and currency valuation shifts.
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