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GBP/JPY back below 148.00 as risk sentiment evaporates in Asia
• Despite positive outlook for GBP, Yen is the currency of choice as markets capitulate. • A thin week for data is leaving risk sentiment firmly in the driver's seat. The GBP/JPY is heading lower in the early Tokyo session as traders pile back into the Yen on risk aversion and the pair is currently testing the 147.90 area. Risk aversion is the primary market mover once again to kick off Thursday, and the Yen is trading higher as the safe haven retains its popularity as global markets continue to be cowed by saber-rattling and threats of an ensuing trade war following Trump's recent steel and aluminum tariffs. The ... (full story)