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GBP/JPY: Weekly Analysis & Forecast

Japan’s attempts to shore up its currency are putting trading desks across the globe on high alert and dealers are taking no chances ahead of a long weekend in London and Tokyo that might offer authorities another opportunity to bolster the frail yen.

The Japanese currency, which is around its weakest since 1990, has witnessed its biggest weekly price swing since 2022, when the Bank of Japan bought the yen for the first time since 1998.

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