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April 19, 2023While yesterday ended at 166.6, today, GBP/JPY rallied above 167.97 for the first time in 4 months and a half and gained 125 pips — now trading at 167.85.
Pound-Yen is currently trading at 167.85 following the release of Consumer Price Index data from the United Kingdom.
On the flip side, United Kingdom Average Earnings Index +Bonus beats expectations of 5.1 with new data release of 5.9, marks no change over previous data of 5.9.
Meanwhile, United Kingdom Consumer Price Index came out at 10.1%, while a consensus of analysts was expecting 9.8%. United Kingdom Claimant Count Change (Mar) released yesterday at 06:00 UTC with a figure of 28,200, while the previous figure was -18,800.
Other currencies are also rising as having closed the previous session at 134.07, USD/JPY is up 0.6% today to currently trade at around 134.87. GBP/NZD increases 0.47% to trade around 2.0104. Having closed the previous session at 147.09, EUR/JPY is up 0.46% today to currently trade at around 147.76.
Furthermore, the market is looking at today at 23:50 UTC data for Japan Exports will be released, with an expected decline to 2.6% from the preceding figure of 6.5%. Japan Tertiary Industry Activity Index (MoM) scheduled to come out tomorrow at 04:30 UTC. Japan Adjusted Trade Balance is scheduled for today at 23:50 UTC. Japan Trade Balance (Mar) is expected today at 23:50 UTC.
The currency pair has been trending positively for about 2 months. Pound-Yen is now trading 15.21% away from its significant low of 144.6 first tested 6 months ago.
