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April 30, 2023GBP/JPY made its largest single-day jump of 170 (2.41%) since November 2022, and is now trading at 171.17.
Other currencies are also rising as USD/JPY is trading around 136.23 after ending Friday's session at 133.89 (up 1.75% today). Notably, EUR/JPY rose 1.7% Friday and closed at 147.59.
While Pound-Yen is up today, these currencies are lagging behind: EUR/GBP is down to 0.8766, losing 56 pips, after ending the previous session around 0.8822.
The currency pair has been trending positively for about 2 months. Having established significant support at 144.6 approximately 6 months ago, Pound-Yen's share price has bounced 15.59% higher.
