The Japanese Yen continues to face broad selling pressure, pushing the USD/JPY pair to 153.60 while GBP/JPY tests key resistance at 209.60. Disappointing Q4 GDP data from Japan has dampened expectations for a Bank of Japan (BoJ) rate hike, further weakening the currency's outlook. The Pound Sterling is trading higher against the Yen for the second consecutive day, benefiting from the widening interest rate differential and sustained bullish momentum. Market movements remain influenced by thin liquidity due to the "Presidents' Day" holiday in the US and Lunar New Year celebrations across Asia. Technically, USD/JPY remains resilient above its 200-day SMA, while GBP/JPY's approach to the 209.60 level signals significant buying interest. Investors remain on high alert for potential intervention from Japanese authorities as the Yen's decline broadens across major currency crosses.
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