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November 11, 2024

GBP/JPY maintains position above 198.00 after LDP Ishiba re-elects as Japan Prime Minister

GBP/JPY breaks its two days of losses, trading around 197.90 during the European session on Monday. The Japanese Yen (JPY) faces challenges due to uncertainty surrounding the Bank of Japan’s (BoJ) interest rate hikes in the future.

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