GBP/JPY Price Analysis: Pound’s Recovery Expected to Encounter Resistance at 190.75
Tuesday, 2 April 2024, 18:06
GBP/JPY Price Analysis
The GBP/JPY price analysis focuses on the recovery of the Pound and its interaction with the Japanese Yen.
Impact of US Treasury Yields
The Yen tends to weaken as US Treasury yields rise, creating an opportunity for Pound's gain.
UK Manufacturing Figures
Positive manufacturing figures in the UK further support the Sterling's upward momentum.
Traders are advised to watch for potential resistance at 190.75 level.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.