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February 24, 2023
Small gain for GBP/JPY at 162.57 after ranging between 161.18 and 162.85 today.
Meanwhile, Japan National Core CPI (YoY) (Jan) came out at 4.2, while a consensus of analysts was expecting 4.2.
Other currencies are also rising as USD/CHF is up 0.35%. USD/JPY goes up 0.38% to trade around 135.16. GBP/NZD goes up 0.34% to trade around 1.9362.
The market is looking forward to the release of new data: Japan CFTC JPY speculative net positions is scheduled for today at 20:30 UTC. United Kingdom MPC Member Tenreyro speech will be released today at 16:30 UTC. United Kingdom CFTC GBP speculative net positions scheduled to come out today at 20:30 UTC.
Pound-Yen is now trading 11.91% away from its significant low of 144.6 first tested 4 months ago.
