Thu, 08 Sep 2022 11:14:12 GMT
GBP/JPY trades above 166.00
As the Japanese Yen continues to loose value against other currencies, the GBP/JPY rate has reached above the 166.00 level. However, the event was followed by a retracement back down. By the middle of Thursday's European trading hours, the pair had found support in the combination of the 165.00 mark and the 50-hour simple moving average.
In the case of the