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GBPUSD Gains on Dollar Weakness as Japan Signals Yen Intervention and Fed Outlook Shifts

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Yen strengthened on Japan's intervention threats amid dollar softness before US GDP, with GBPUSD modestly rising on dollar weakness.
  • Markets anticipate Fed rate cuts in 2026, signaling cautious yen movement and range-bound dollar pairs in the near term.
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GBPUSD price history

1.35 +1.50% over the displayed period

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