The Japanese Yen also serves as a hub for the general direction of other Asian currencies. Economic conditions in the United States and Japan tend to have a significant impact on the rest of the world.This pair is notorious for sideways movements followed by a major move. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide trsding health.
As a result, GBPJPY is able mpy develop strong trends that exceed thousands of pips.
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