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GBP/JPY: Intraday Analysis & Setup update

Sterling fell against a strengthening dollar after shrugging off British data on Wednesday as investors await the outcome of the Federal Reserve policy meeting.

The pound hit a fresh 8-1/2-year high versus the yen as the Bank of Japan (BOJ) decision to exit its negative interest rates policy left higher-yielding currencies such as the pound appealing versus Japanese assets.

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