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Figure Heloc 
The Yen is suffering on Tuesday, in the aftermath of a 7.5-magnitude earthquake in Japan. JPY weakness has boosted the GBP/JPY to breach the resistance area at 207.35 and the 2024 high at 208.11 to reach its highest levels since 2008.
💡 DMK Insight
The Yen’s sharp decline post-earthquake is a critical moment for traders to assess risk exposure. With GBP/JPY breaking through key resistance levels at 207.35 and the 2024 high of 208.11, this could signal a bullish trend for GBP against JPY. The earthquake’s impact on Japan’s economy may lead to further JPY weakness, especially if the Bank of Japan responds with more accommodative policies. Traders should keep an eye on how the market reacts in the coming days, particularly if GBP/JPY holds above 208.11, which could attract more buying interest. However, caution is warranted as geopolitical events can lead to sudden volatility, and any signs of economic instability in Japan could reverse this trend quickly. Watch for potential retracement levels around 207.35 for entry points or stop-loss placements, as these levels will be pivotal in determining the next move in this pair.
📮 Takeaway
Monitor GBP/JPY closely; a sustained hold above 208.11 could signal further bullish momentum, while any JPY recovery might shift the trend.
