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GBP/JPY Forecast: Risks related to the Strait of Hormuz agreement support the pair
The GBP/JPY pair has been showing
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The GBP/JPY pair has been showing a positive trend for eight consecutive days, trading above the round level of 215.00, close to the highs of July 2008.Despite hopes for the resumption of peace negotiations between the United States and Iran, investors remain cautious due to economic issues arising from instability in the Strait of Hormuz. Given that Japan heavily depends on oil imports from the Middle East, a blockade of Iranian ports by the United States could further reduce supplies
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