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Another day another new 15 year high for GBP/JPY
Since a previous update here noted the Pound rising to its highest levels versus the Yen since 2008, the GBP/JPY has pressed on again and earlier today reached a new milestone- another 15 year high this morning, at 202.87. The Pound had closed in the US last night at 202.60, which was also its highest daily close over the same period, narrowly surpassing the previous record, set earlier this week, at 202.50. The low seen earlier today was set at 202.45, so as you can see, in relative terms that range so far is pretty tight by usual standards on this one. That range is unlikely to persist until the US close tonight though. The GBP/JPY is currently trading at 202.70
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