GBP/JPY

Fundamentally balanced — the British Pound and Japanese Yen score within 8 points of each other.

On the Macro Currency Strength Meter, the British Pound scores -10 and the Japanese Yen scores -19 — a gap of 8 points in favour of the British Pound. The widest divergence is in risk mood, which favours the British Pound. With both currencies scoring similarly, the fundamental case here is broadly balanced.