The GBPJPY exchange rate experienced a small rally during Monday's trading session- trading forextrading
experienced a small rally during Monday's trading session, with a relationship between interest rates in the Japanese yen influencing the currency's performance. The Bank of Japan is attempting to keep interest rates at or below 50 basis points on the 10-year JGB, which means they will have to print more yen to buy bonds and keep rates low.The market sentiment on the yen will be positive if rates continue to fall.
It's worth noting that the market has been volatile for some time, and investors should pay attention to the uptrend line below.
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