A slow down? After four days of going up, Pound-Yen is flat today, hovering around 183.64.

After closing at 183.59 yesterday, GBP/JPY began today at 183.67 with significant bullish sentiment driving GBP/JPY's price action higher. So far today, price action has drawn out a distinct 183.23 to 183.91 range.

At the same time, Japan Services PMI came out at 54, while a consensus of analysts was expecting 54.2. Japan 10-Year JGB Auction released yesterday at 03:35 UTC with a figure of 0.428, while the previous figure was 0.436.

Elsewhere, other currency pairs are also gaining ground as USD/SGD added 0.12% to its value, now trading at 1.3509. EUR/AUD is up 0.12%.

Other currencies are showing mixed performance as USD/CHF moves 0.07% to trade around 0.8973.

Furthermore, the market is looking at Japan Household Spending (MoM) (May) is expected tomorrow at 23:30 UTC. Japan Household Spending (YoY) (May) will be released tomorrow at 23:30 UTC. United Kingdom Services PMI is expected today at 08:30 UTC.

The currency pair has been trending positively for about a month. The past 3 months have been positive for Pound-Yen as it added 11.58% compared to its 3-month low of 144.6.