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June 29, 2023GBP/JPY falls to 182.36, following mixed behavior today as it ranges between 182.14 and 183.76.
While price action maintains a negative bias, Japan Retail Sales beat analyst expectations of 5.4% and the previous reading of 5.1% with new data of 5.7%.
In the meantime, negative performances are seen in other pairs, after ending yesterday's session at 1.6531, EUR/AUD lost 58 pips and is trading around 1.6473. EUR/JPY slides down 0.17% to trade around 157.29. EUR/USD draws back 0.19% to trade around 1.0898.
Some optimism can drawn from the fact that tomorrow at 06:00 UTC data for United Kingdom GDP will be released, with an expected decline to 0.2% from the preceding figure of 0.6%.
Furthermore, United Kingdom GDP figure is projected at 0.1. It previously stood at 0.1; data will be released tomorrow at 06:00 UTC. United Kingdom Business Investment (QoQ) (Q1) is scheduled for tomorrow at 06:00 UTC.
The currency pair has been trending positively for about a month. Having set a peak of 183.58 around 2 days ago, Pound-Yen is now trading 0.63% below this level.
