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Forex: GBP/JPY erases gains to trade at 146.43/46

FXstreet.com (Barcelona) - Following a retreat off overnight highs at 147.91, the GBP/JPY has now pared its gains and fallen into negative territory during European trading Friday. With the loss of the 147.00 level, the pair now trades at 146.43/46, en route to a -0.19% loss in these moments.

Recently, BoJ Governor Kuroda had his governorship reconfirmed by both houses of parliament. The original confirmation several weeks ago authorized Kuroda to complete the remainder of Shirakawa's term (following his resignation three weeks early). The reconfirmation overnight now allows Kuroda to begin his five-year term proper on April 9th.

Mataf.net analysts points to short-term supports at 142.73, onto 137.89, and 135.40. On the ascension, the GBP/JPY is slated to face short-term support at 150.06, ahead of 152.55, and finally the 153.39 barrier.

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