GBP/JPY Price Forecast: Rallies and hits 18-year highs above 217.00

The British Pound rallies to an 18-year high against the Japanese Yen, registering solid gains of over 0.77% as the GBP/JPY clears the previous year-to-date (YTD) high of 216.60 as the cross-pair clears the 217.00 figure for the first time since January 2008.