- GBP/JPY attracts some dip-buying on Friday and hits a fresh multi-year peak on Friday.
- The BoJ’s decision to stand pat weighs on the JPY and acts as a tailwind for the cross.
- Bets for more BoE rate hikes underpin the GBP and remain supportive of the move.
The GBP/JPY cross reverses an Asian session dip to the 178.80 region and spikes to a fresh high since December 2015 after the Bank of Japan (BoJ) announced its policy decision.
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