The GBP/JPY cross finds support near the 187.40 area during Tuesday’s Asian session. However, it lacks momentum and hovers close to a multi-month low recorded the previous day. Spot prices currently trade around the 187.85 mark, remaining relatively unchanged for the day. The currency pair seems particularly vulnerable to extending its recent decline, which has persisted for the past three weeks. Investors are likely focusing on upcoming speeches, particularly from BoE Governor Bailey, which could influence market sentiment. The current trading scenario suggests traders should approach GBP/JPY with caution, considering its recent downturn. Market watchers should monitor any fluctuations closely as they may signal further moves ahead. Overall, the pair’s recent performance puts investors on alert in anticipation of potential volatility in the near future.