• The sterling pound rises almost 1% against the Japanese Yen, breaking a three -day run streak.
• The Japanese yen weakens on all fronts, with all the main currencies of the G10 registering profits in front of him.
• The 20 -day SMA about 196.62 provides dynamic support, with the widest bullish trend intact above 195.00.

The sterling pound (GBP) gains ground in front of the Japanese Yen (JPY) on Thursday, supported by US non -agricultural payroll data (NFP) strongest than expected than expected, which raised the feeling of global risk and weighed on the traditional safe currency.

The GBP/JPY crossing breaks a three -day streak of losses and rises almost 1% in the day. The torque has erased all the accumulated losses earlier of the week, currently around the 198.00 level during the American negotiation session.

The generalized weakness of YEN remains a key factor in the strength of the GBP/JPY. The Japanese currency extended its losses on all fronts on Thursday.

The sterling pound also receives some support after Prime Minister Keir Starmer, earlier in the day, defended Foreign Minister Rachel Reeves amid speculation about her future, stating that she would remain as a chancellor “for a long time.” This guarantee helped relieve market concerns that a possible replacement could adopt a more lax fiscal position with an increase in indebtedness. Despite the recent turbulence around the project of well -being and the internal rebellion of the party, the markets have found comfort in the firm commitment of Reeves with fiscal responsibility. His refusal to abandon the key budgetary objectives, even after making concessions, has helped stabilize bond markets and strengthen the confidence of investors in the economic management of the United Kingdom.

Adding to the bullish impulse in La Libra, the recent comments of the Policies of the Bank of England (BOE), Alan Taylor, further reinforce the expectations of a path of cautious policy and measured ahead. Taylor warned that the soft landing of the United Kingdom’s economy is at risk due to the weakening of demand, but opposed aggressive cuts of rates, pointing out: “I do not think they are needed or are desirable larger cuts.” Instead, he advocated a gradual relaxation cycle, suggesting that five rates cuts could be necessary this year if the downward risks persist. The markets interpreted their comments as a sign that the BOE is still focused on balance the control of inflation with support to growth, another factor that supports the relative pound resistance.

GBP/JPY DAILY GRAPH

From a technical point of view, the GBP/JPY is starring a solid rebound after trying the lower limit of its ascending channel, which has guided the price action since April. The torque is now approaching the Bollinger’s Superior Band near 198.88, indicating potential for more increases if the impulse remains strong. A daily closure above 198.88 could expose the psychologically important level of 200.00.

The single mobile average (SMA), which also serves as the Bollinger Media band, is offering dynamic support about 196.62, reinforcing the torque bias. The broader bullish trend remains intact while the GBP/JPY is maintained above the 195.00 psychological region, which is closely aligned with the support of the ascending channel. A daily closure below this confluence zone could expose the more fall to the lower Bollinger band in 194.36.

Impulse indicators also favor bullies. The relative force index (RSI) has revolved up and currently remains above 58, while the exchange rate (ROC) remains in positive territory in 0.76, reflecting a constant bullish impulse after the recent setback.