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February 4, 2025

GBP/JPY Rallies to 193.00 as US Dollar Weakens

The GBP/JPY cross rebounds to near 193.00 during the European session on Tuesday after recovering from earlier daily losses. This upward momentum gains support from increased investor confidence, following US President Donald Trump’s decision to delay tariff plans targeting Canada and Mexico. As a result, demand for the safe-haven Japanese Yen diminishes, allowing GBP/JPY to gain traction.

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