Bullish currency pair Pound-Yen runs out of steam at 165.5; currently at 165.37

Pound-Yen trades at 165.37 after gaining 120 pips (0.73%).

At the same time, Japan Adjusted Current Account (Feb) came out at 1 trillion, while a consensus of analysts was expecting 1.43 trillion. Japan Current Account n.s.a. (Feb) released yesterday at 23:50 UTC with a figure of 2.20 trillion, while the previous figure was -1.99 trillion.

Furthermore, the market is looking at United Kingdom BRC Retail Sales Monitor (YoY) (Mar) will be released today at 23:01 UTC. United Kingdom Mortgage Rate (GBP) is expected tomorrow at 10:00 UTC.

The currency pair has been trending positively for about 2 months. Pound-Yen is now trading 13.53% away from its significant low of 144.6 first tested 6 months ago.