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April 14, 2023
Small gain for GBP/JPY at 166.07 after ranging between 165.38 and 166.23 today.
Uptick comes while some more positive signs for Pound-Yen are out as following a previous reading of 0.4%, GDP in United Kingdom released yesterday at 06:00 UTC fell short of the 0.1% figure expected by analysts with an actual reading of 0%. United Kingdom Manufacturing Production released earlier showed a marked improvement to 0% from the preceding data of -0.1%, but fell short of the 0.2% figure forecast by a consensus of market analysts.
Meanwhile, United Kingdom Monthly GDP 3M/3M Change (Feb) released yesterday at 06:00 UTC with a figure of 0.1, while the previous figure was zero.
Other currencies are also rising as having closed the previous session at 1.3222, USD/SGD is up 0.67% today to currently trade at around 1.3311. EUR/NZD is up 1.03% to 1.7714.
Meanwhile, AUD/USD closed at 0.6705 (down 1.2%).
Furthermore, the market is looking at Japan CFTC JPY speculative net positions will be released today at 20:30 UTC. United Kingdom CFTC GBP speculative net positions scheduled to come out today at 20:30 UTC.
The currency pair has been trending positively for about 2 months. Having established significant support at 144.6 approximately 6 months ago, Pound-Yen's share price has bounced 14.8% higher.
