Kicking off the session at 163.19, Pound-Yen currency pair peaks at 164.08

After closing the previous trading day at 163.12, GBP/JPY is up to 163.37, which makes for a move of 0.16%/25 pips today.

United Kingdom Spring Forecast Statement is next today at 10:00 UTC.

A look at other currencies also shows bullish price action as having closed the previous session at 144.02, EUR/JPY is up 0.15% today to currently trade at around 144.24. USD/JPY increases 0.13% to trade around 134.41.

Other currencies are showing mixed performance as USD/CHF trades around 0.9142, with no major change.

Elsewhere, United Kingdom Spring Forecast Statement is expected today at 10:00 UTC. Japan Exports is projected to outperform its last figure with 7.1%. It previously stood at 3.5%; data will be released today at 23:50 UTC. Japan Trade Balance (Feb) scheduled to come out today at 23:50 UTC.

The currency pair has been trending positively for about a month. Having set a significant low of 144.6 5 months ago, Pound-Yen is trading 12.8% higher.