GBP/JPY sear and rises above 172.00

FXStreet (Córdoba) - The GBP/JPY broke above 172.00 boosted by the Pound that soared across the board after Mark Carney, the governor of the Bank of England affirmed that the central bank could raise rates sooner than markets expect.

The pair was trading at 171.15 after Wall Street closing but then jumped more than a hundred pips in a few minutes rising above 172.00.

Recently the pair peaked at 172.17, reaching the highest price in two days. The GBP/JPY remains above 172.00 near daily highs. To the upside immediate resistance could be located at 172.50/55 (June 9 highs).