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GBP/JPY comes close to 204 today as USD/JPY reclaims 161
The GBP/JPY posted a monthly, quarterly and half-year end close on Friday, at 203.39. That was the highest such close since 2008 and of course it was technically positive. The Pound has built on that so far today and now come close to the 204 handle this morning, which is also a level not seen since 2008. The move higher comes from a combination of a higher GBP/USD this morning and a rise back above the 161 handle in the USD/JPY. There will be much more to add on the USD/JPY today, but the focus here is on the Pound. The high seen so far today has been set at 203.96. The GBP/USD is currently trading at 203.94
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