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March 12, 2023Friday at a glance: after ending Thursday at 162.32, GBP/JPY went up to 164.24 only to drop back, yet still traded well overall and closed at 162.57 Friday.
A look at other currencies also shows bullish price action as GBP/USD is trading around 1.2033 after ending Friday's session at 1.1923 (up 0.92% today). GBP/CAD went up by 0.89% Friday, and closed at 1.6633.
At the same time, USD/CHF falls 1.2% Friday and closed at 0.9325.
Furthermore, the market is looking at Japan BSI Large Manufacturing Conditions (Q1) is scheduled for today at 23:50 UTC.
The currency pair has been trending positively for about a month. As things stand, Pound-Yen is 12.25% away from a significant low of 144.6 first set 5 months ago.
