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March 08, 2023
Pound-Yen went up to 163.86 only to drop back to some of the way and is now trading at 162.03.
While price action maintains a negative bias, Japan Current Account n.s.a. (Jan) came out at -1.98 trillion, while a consensus of analysts was expecting -818 billion. Japan Adjusted Current Account (Jan) released yesterday at 23:50 UTC with a figure of 21.63 trillion, while the previous figure was 118.39 trillion. United Kingdom Mortgage Rate (GBP) (Feb) released yesterday at 10:30 UTC with a figure of 7.02, while the previous figure was 6.66.
In the meantime, negative performances are also seen in other pairs as EUR/JPY goes down 0.15% to trade around 144.41. EUR/AUD closed at 1.5975 (down 0.22%).
Positive performances can be seen by looking at other currencies as having closed the previous session at 1.6262, GBP/CAD is up 0.16% today to currently trade at around 1.6288.
Furthermore, Japan GDP figure is projected at 0.2. It previously stood at 0.2; data will be released today at 23:50 UTC. Japan Household Spending (MoM) (Jan) is expected tomorrow at 23:30 UTC. Japan Household Spending (YoY) (Jan) is scheduled for tomorrow at 23:30 UTC.
The currency pair has been trending positively for about a month. After setting a supportive marker at 144.6 around 4 months ago, Pound-Yen is now trading 12.15% higher.
