A slow down? After four days of going up, Pound-Yen is flat today, hovering around 167.47.

After closing at 167.37 yesterday, GBP/JPY began today at 167.61 with significant bullish sentiment driving GBP/JPY's price action higher. So far today, price action has drawn out a distinct 167.34 to 167.71 range.

Meanwhile, United Kingdom Consumer Price Index came out at 10.1%, while a consensus of analysts was expecting 9.8%. Japan Trade Balance (Mar) released yesterday at 23:50 UTC with a figure of -754.5 billion, while the previous figure was -898.1 billion. Japan Exports released yesterday at 23:50 UTC is better than expected at 4.3% but down from preceding data of 6.5% according to new data.

A look at other currencies also shows bullish price action as GBP/NZD surges 0.62% to trade around 2.0171. EUR/NZD gained 0.76% and is currently trading at 1.7784.

Meanwhile, after ending yesterday's session at 0.6203, NZD/USD lost 43 pips and is trading around 0.616.

Positive indicators for Pound-Yen are expected going forward as United Kingdom Retail Sales projected to come out at -0.5% — worse than previous data of 1.2%; data will be released tomorrow at 06:00 UTC.

The market is looking forward to the release of new data: United Kingdom Manufacturing PMI figure is projected at 48.5. It previously stood at 47.9; data will be released tomorrow at 08:30 UTC. United Kingdom Composite PMI figure is projected at 52.6. It previously stood at 52.2; data will be released tomorrow at 08:30 UTC.

The currency pair has been trending positively for about 2 months. Having set a significant low of 144.6 6 months ago, Pound-Yen is trading 15.74% higher.