GBP/JPY bounces up on risk appetite and approaches 194.20 resistance area

  • Trump's decision to pause tariffs on the EU intel on July 9 has boosted risk appetite on a light trading session on Monday, with UK markets closed for the Spring Bank holiday. The de-escalation of the EU-US trade rift has soothed investors, wary of a severe blow to international trade, which would significantly slash the global growth outlook.