The GBP/JPY moves sideways on the short term around the 148.46 static support (resistance turned into support). The Yen increased versus the Cable today also because the Nikkei stock index plunged after the impressive rally. Remains to see what will really happen on the JP225 because a further drop will send the Yen much higher versus its counterparts. GBP/JPY will increase further if will stabilize above the 148.46 level.

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