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June 29, 2023Tentatively higher from an earlier low of 182.14, GBP/JPY is up to 182.58 today, adding 15 pips, or 0.08%, to yesterday's closing price of 182.43.
Meanwhile, data for Japan Retail Sales published yesterday at 23:50 UTC came out at 5.7%, beating projections of 5.4% and showing improvement over the preceding figure of 5.1%.
Other currencies are also rising as having closed the previous session at 1.3525, USD/SGD is up 0.28% today to currently trade at around 1.3563.
Meanwhile, EUR/AUD falls 0.68% to trade around 1.6418. After ending yesterday's session at 1.0918, EUR/USD lost 53 pips and is trading around 1.0865.
Positive indicators for Pound-Yen are expected going forward as 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, the market is looking at United Kingdom GDP is expected tomorrow at 06:00 UTC. United Kingdom Business Investment (QoQ) (Q1) scheduled to come out tomorrow at 06:00 UTC.
The currency pair has been trending positively for about a month. As things stand, Pound-Yen is 0.63% away from a significant high of 183.58, first set 2 days ago.
