GBP/JPY has been a darling in recent days as risk appetites have improved and GBP shorts covered across the board. We’re hearing of good deamnd on dips in the cross thie afternoon, fro around the 138.00 level. The cross stalled just shy of the 140.00 level in London this morning. Strong resistance is stacked up at 141.50/75 on rebounds near-term.
