GBP/JPY jumps to near 214.00 as Yen gives back some Japan intervention-led gains

GBP/JPY rose about 0.35% to near 214.00 in Asian trade as the Japanese yen gave back much of Thursday’s intervention-fueled gains. Markets reacted to reports that Tokyo conducted its first FX intervention in nearly two years and comments from Finance Minister Satsuki Katayama signaling readiness for decisive action. Weaker-than-expected Tokyo CPI ex-fresh-food (1.5% YoY vs. 1.8% consensus) also reduced underlying inflation pressures, undermining the yen. Sterling traded broadly firmer after the BoE left rates at 3.75% but signaled it could raise again if energy-driven inflation persists, supporting GBP crosses. The moves come alongside broader FX flows and USD/DXY dynamics that continue to influence yen and major-currency performance.