GBP/JPY climbs to 210.64 as investors weigh the UK fiscal outlook against the anticipated Bank of Japan interest rate decision scheduled for Friday.
GBP/JPY trades modestly higher as investors await BoJ decision and assess UK Autumn Budget.
The British Pound trades higher against the Japanese Yen as the JPY weakens across major currency pairs. Market participants are currently balancing the implications of the UK Autumn Budget while positioning for the upcoming Bank of Japan monetary policy announcement.
The pair is rising primarily due to broad-based weakness in the Japanese Yen and investor anticipation surrounding the upcoming Bank of Japan policy meeting.