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GBPJPY is now down 0.40%

GBP
  • GBPJPY has now lost 1.48% from yesterday's high, and down 0.4% on the session.
  • The JPY is the best performer against the Pound in G10, as supplies continues to weigh.
  • This might also be the reason for the front end short sterling strip being better bid this morning.
  • Supply risks could possibly change the BoE's rhetoric?
  • Support in GBPJPY moves up to 150.139 initially

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