GBPJPY: The recovery is negligible!
The GBP/JPY exchange rate is recovering from recent losses during the early Asian trading session on Friday. The cross trade is currently hovering around 181.62, marking a 0.24% increase for the day. The disparity in monetary policy stances between the Bank of England (BoE) and the Bank of Japan (BoJ) acts as a headwind for GBP/JPY transactions, creating an adverse effect on its performance.
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