GBP/JPY Falls Below 192.00 Due to Soft UK PMIs and Intervention Worries
Thursday, 4 April 2024, 19:09
GBP/JPY Price Analysis
The Pound Sterling weakened against the Japanese Yen below the crucial 192.00 level on Thursday triggered by a risk-off sentiment. The decline was fueled by softer-than-expected UK Services PMI figures.
Key Points:
- Retreat Below 192.00: GBP/JPY pair faced downward pressure.
- Intervention Concerns: Investors worried about potential interventions affecting the exchange rate.
- Risk-Off Impulse: Market sentiment turned cautious amidst economic uncertainties.
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