GBPJPY Pound Sterling vs Japanese Yen

The Japanese yen recovered from early lows against the other major currencies in the Asian session on Thursday.

The yen rose to 113.70 against the euro and 74.65 against the NZ dollar, from early lows of 114.17 and 74.85, respectively.

Against the pound, the U.S. dollar and the Swiss franc, the yen advanced to 127.42, 104.30 and 104.93 from an early 9-day low of 128.14, a 2-day low of 104.69 103.00 and a 1-week low of 105.35, respectively.

If the yen extends its uptrend, it is likely to find resistance around 112.00 against the euro, 73.00 against the kiwi, 125.00 against the pound, 103.00 against the greenback and 103.00 against the franc.

Sterling vs Yen (FX:GBPJPY)
Forex Chart
From Mar 2024 to Apr 2024

Sterling vs Yen (FX:GBPJPY)
Forex Chart
From Apr 2023 to Apr 2024