GBP/JPY Steadies Near 211.00 As Japan’s Fiscal Policy Weighs On Yen
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GBP/JPY remains stable near 210.70 amid holiday-thinned trading, influenced by Japan's expansive fiscal policy and a record ¥122.3 trillion budget. The Japanese Yen is under pressure due to high public debt and limited stimulus options, despite expectations of a Bank of Japan rate hike. The Pound Sterling gains support from a cautious Bank of England policy outlook, with markets anticipating potential rate cuts in the first half of the year. Overall, GBP/JPY may strengthen as the market assesses these economic factors.
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