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June 02, 2023Pound-Yen trades at 174.31 after gaining 49 pips (0.28%).
At the same time, United Kingdom Manufacturing PMI came out at 47.1, while a consensus of analysts was expecting 46.9. United Kingdom CFTC GBP speculative net positions released today at 20:30 UTC with a figure of 13,200, while the previous figure was 11,600. Japan CFTC JPY speculative net positions came out at -96,200.
Elsewhere, other currency pairs are also gaining ground as USD/JPY soars 0.84% to trade around 139.97.
While Pound-Yen is up today, these currencies are lagging behind: after ending yesterday's session at 1.637, EUR/AUD lost 165 pips and is trading around 1.6204. EUR/CAD drops 0.69% to trade around 1.437.
Having established significant support at 144.6 approximately 7 months ago, Pound-Yen's share price has bounced 20.2% higher.
