GBP/JPY gains momentum as the Japanese Yen underperforms, fueled by a sharper decline in Japanese government bond yields compared to UK counterparts.
GBP/JPY trades with a mild positive bias as the Japanese Yen underperforms, driven by a sharper fall in Japanese government bond yields relative to UK yields.
The GBP/JPY pair maintains a positive bias during Friday's session as the Japanese Yen faces broad selling pressure. The move follows a global pause in bond sell-offs, which saw Japanese government bond yields decline more aggressively than UK yields, widening the interest rate differential.
The pair is rising because the Japanese Yen is underperforming against the British Pound, largely due to Japanese government bond yields falling faster than UK yields.