GBP/JPY Breaks Into Fresh Multi-Decade Highs As Yen Continues To Soften
May 28, 2024 at 20:50 PM EDT
GBP/JPY reached a 34-year high above 200.60 on Tuesday as Yen pairs weakened. This follows suspected interventions from the BoJ and Japanese Ministry of Finance, spending nine trillion Yen on financial operations to support the struggling Yen.
