• Despite economic and fiscal problems, UK desired over US for investments

• Japanese players finding better returns on UK Gilts

• UK preferred also on view country may avoid wrath of Trump tariffs?

• GBP/JPY 194.59-195.00 so far in Asia, best since 195.79 on January 9

• Back above 200-DMA at 194.11 and maybe headed higher on risk-on sentiment

• Support from 194.54 hourly Ichimoku tenkan, kijun 194.09 below

• Yield on Gilt 2s @4.258%, 10s @4.718% against US 4.031%, 4.332%

• Related comment , also , on the UK
GBP/JPY:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)