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Is a move back above 200 on the cards for GBP/JPY?
As the USD/JPY rise continues this week, the move has also helped to boost all the major Yen crosses. The one in focus here is the GBP/JPY. That has been rising steadily all week too, notwithstanding the fall below 1.30 in the GBP/USD. So, the GBP/JPY closed last night at 196.16. It has just now hit a session high today at 197.86. That means it is now at its highest levels since the end of July, before it crumbled close to 180. The range seen so far has been covered by that noted high and an earlier low at 195.91. The further push higher could once again reclaim that important 200 handle, if this Trump carry trade in the USD/JPY continues to extend in the coming days. The GBP/JPY is currently trading at 197.67
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