The GBP/JPY rallies to a fresh six-week and yearly high above the 205.00 figure, posts gain of over 0.40% or 80 pips as the Bank of Japan Governor Kazuo Ueda met with the Japanese Finance Minister. The cross-pair trades at 205.07 virtually unchanged as Thursday’s Asian session gets underway.
Arbitrum (ARB) edges lower, trading at $0.22 at the time of writing on Wednesday amid a steady decline in the broader cryptocurrency market. Since ARB hit $0.62 in August, marking its third-quarter peak, recovery has been elusive, reflecting a sticky bearish sentiment.
The EUR/JPY cross loses ground to near 180.00 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid speculations that Japanese authorities would step into the market to stem further weakness in the domestic currency.