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GBP/JPY falls below 190 this morning
Since the last update here a short while ago this morning, the USD/JPY has fallen further below the 142 handle and that fall has taken the EUR/JPY and GBP/JPY lower with it. The GBP/JPY has now fallen below the 190 handle. The pound had almost touched 196 this time on Friday (195.97 the high) . The impact of the appointment of Ishiba to the post of Prime Minister in Japan is entirely responsible for this. The GBP/JPY just now hit a session low at 189.75 and it is right on session lows as you read this update. The failure of the GBP/USD to keep pace on the topside with the falls in the USD/JPY is morning is therefore clearly evident
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