Exchange rate refers to the value of one currency in relation to another. It is the price at which one currency can be exchanged for another. Exchange rates are determined by a variety of factors, including supply and demand for each currency, economic and political conditions in each country, interest rates, inflation rates, and other factors.
During the Asian session on Friday, GBP/JPY fell to around 185.60, extending losses for the second consecutive day. The yen (JPY) was supported by benign Japanese inflation data released early…
