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March 6, 2025

GBP/JPY Suffers Losses Amid Hawkish Bank of Japan Outlook

After a streak of gains, GBP/JPY has turned bearish, currently trading around 191.60 in the early European session on Thursday. This decline occurs as the Japanese Yen strengthens on the heels of a hawkish outlook from the Bank of Japan (BoJ) regarding its monetary policy. Traders are advised to keep a close watch on these developments.

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