| 
May 18, 2023GBP/JPY goes up to 172.1 after dipping down to 171.17 earlier.
At the same time, Japan National Core CPI (YoY) (Apr) came out at 3.4, while a consensus of analysts was expecting 3.4. Japan Trade Balance (Apr) released yesterday at 23:50 UTC with a figure of -432.4 billion, while the previous figure was -755.1 billion. Following a previous reading of 4.3%, Exports in Japan released yesterday at 23:50 UTC fell short of the 3% figure expected by analysts with an actual reading of 2.6%.
A look at other currencies also shows bullish price action as NZD/USD is up 0.17%.
Meanwhile, EUR/NZD is down 26 pips from the beginning of the session and now trades around 1.7267. After ending yesterday's session at 1.9912, GBP/NZD lost 21 pips and is trading around 1.9891.
Elsewhere, Japan Tertiary Industry Activity Index (MoM) will be released tomorrow at 04:30 UTC. Japan CFTC JPY speculative net positions is scheduled for tomorrow at 20:30 UTC. United Kingdom MPC Member Haskel speech scheduled to come out tomorrow at 09:45 UTC.
