| 
June 22, 2023After closing at 181.05 yesterday, GBP/JPY opened today at 181.12, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, GBP/JPY retains a distinct 179.92 to 182.09 daily range.
United Kingdom BoE Interest Rate Decision (Jun) is next today at 11:00 UTC.
Amid the market gloom, United Kingdom Consumer Price Index released yesterday at 06:00 UTC with a figure of 8.7%, while the previous figure was 8.7%. United Kingdom CBI Industrial Trends Orders (Jun) came out at -15, while a consensus of analysts was expecting -17. United Kingdom Nationwide HPI (YoY) came out at 3.5.
In the meantime, negative performances are seen in other pairs, AUD/USD closed at 0.677 (down 0.45%).
Though Pound-Yen has been dropping, other pairs have been performing better: EUR/AUD is up 0.42%. USD/SGD rises 0.14% to trade around 1.3418.
Furthermore, United Kingdom BoE Interest Rate Decision (Jun) is expected today at 11:00 UTC. United Kingdom Manufacturing PMI is expected tomorrow at 08:30 UTC. United Kingdom BOE Inflation Letter is scheduled for today at 12:00 UTC.
The currency pair has been trending positively for about a month. Having set a peak of 182 around 4 days ago, Pound-Yen is now trading 0.53% below this level.
