GBP/JPY Plunges Over 300 Pips on Suspected Japanese Intervention
Digital FinanceMacro
The GBP/JPY cross-pair tumbled more than 300 pips, trading at 210.92, down over 1.40%, amid speculation that Japanese authorities intervened in the FX markets following a rate check by Tokyo. The sharp decline exposes the 210.00 level as a key support, with traders on alert for further official action.
