GBP/JPY edged lower on Friday following comments from Japan's Finance Minister Satsuki Katayama that supported the Japanese Yen. According to FX Street, the currency pair was trading around 217.10, down 0.30% on the day.
Katayama's remarks boosted confidence in the Yen, prompting a modest pullback in GBP/JPY amid broader market reactions. The move reflects the ongoing sensitivity of FX markets to statements from key Japanese policymakers.
With the Bank of Japan maintaining its ultra-loose monetary policy, Japanese government officials' comments continue to play a significant role in shaping investor sentiment toward the Yen and related currency pairs.