After a brief pause, the pound proceeded with its early European session's downward trading against the yen in the early New York session on Wednesday. The pound is now trading at a 2-day low of 124.62 against the yen with 124.00 seen as the next downside target level. The pair closed yesterday's deals at 125.23.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.