GBP/JPY Faces Significant Losses Amid Market Risk
GBP/JPY is currently extending its losses and has dropped near the 191.10 mark during European hours on Wednesday. This marks the fifth consecutive session of declines. Investors are now focusing on the upcoming Tokyo Consumer Price Index (CPI) data, set to be released on Friday. This could provide new insights into the market’s trajectory. Traders should carefully assess the potential impacts of such economic indicators to navigate these declines effectively.
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