GBP/JPY struggles to extend two-day uptrend below 162.00 as UK inflation, Brexit vote loom – by anilpanchal7 GBPJPY YieldCurve Brexit RiskAversion Inflation
Recovery in yields favors bulls ahead of the key day comprising multiple data/events.
GBP/JPY remains mildly offered near 161.70 as it pares the recent gains ahead of the key day, snapping two-day uptrend at the latest. It should be noted that the recovery in the US Treasury bond yields and Tuesday’s holiday in Japanese markets allowed the quote to remain firmer of late. That said, the US 10-year and two-year Treasury bond yields stretched late Monday’s bounce off the lowest levels since September 2022 to 3.60% and 4.18% respectively.
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