GBP/JPY has experienced a surge as market appetite for risk increases. Following Trump’s decision to pause tariffs on the European Union, the pair approaches the 194.20 resistance level during a calm trading session, largely due to UK markets being closed for the Spring Bank holiday. Market actors seem relieved after the easing of US-EU trade tensions, alleviating fears of significant impacts on global trade and growth outlook. This movement reflects a broader optimism in the markets that traders should capitalize on.