GBP/JPY opens low following UK's Political Turmoil
GBP/JPY opens around 163.00, lower than the closing price on Friday. The downside pressure is partly due to the UK's political and economic situation. In Japan however, the rumours predict that the elections are likely to favour the ruling party.
What Can Affect GBP/JPY?
Looking ahead, this week the US holiday and a light calendar may limit GBP/JPY price movements but sour sentiment in the UK could continue to lift the Yen.