GBP/JPY flat lines below 191.00 mark despite broadly weaker JPY

  • The GBP/JPY cross struggles to capitalize on its modest Asian session uptick and currently trades just below the 191.00 round-figure mark, nearly unchanged for the day. The downside, however, remains cushioned amid the emergence of some selling around the Japanese Yen (JPY), warranting some caution for bearish traders.