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GBP/JPY edging back from another record as USD/JPY drops to session lows
Following on from an earlier update, the USD/JPY has now taken out the prior session low at 160.65 and dropped to test 160.50 a moment ago. That fall has also dented the Yen crosses a bit and in particular, it has sent the GBP/JPY lower. Earlier today the GBP/JPY reached another new 15 year high, when it rose to 203.58. The Pound had closed at 203.20 last night and it is just now trading back underneath that US close. The Pound is now approaching the 203 handle
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