GBP/JPY recovers its recent gains from the previous two sessions, trading around 187.40 during the Asian session on Friday.
GBP/JPY appreciates as BoJ officials indicate potential further policy tightening. JP Morgan Asset Management suggests that the BoJ might only consider increasing rates further if the Fed lowers its rates. The Pound Sterling may decline due to increased safe-haven flows amid heightened Middle-East tensions. Traders closely monitor Japan 's monetary policy outlook, as central bank officials have signaled a readiness to raise rates further.
BoE Governor Andrew Bailey indicated that the Monetary Policy Committee would proceed cautiously in the future. Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors. They are influenced by base lending rates, which are set by central banks in response to changes in the economy.
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