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April 17, 2023
Struggling to find upward momentum, GBP/JPY has shed 4 pips to currently trade at 166.05 as it ranges between 165.38 and 166.23 so far today.
In the meantime, negative performances are seen in other pairs, EUR/USD is down to 1.0972, losing 25 pips, after closing at 1.0997 in the preceding trading session.
Positive performances can be seen by looking at other currencies as USD/CHF ascends 0.24% to trade around 0.8949. Having closed the previous session at 1.3297, USD/SGD is up 0.15% today to currently trade at around 1.3317.
Some optimism can drawn from the fact that United Kingdom Average Earnings Index +Bonus expected to decline to 5.1 while its preceding data was 5.7, data will be available tomorrow at 06:00 UTC.
Furthermore, United Kingdom Claimant Count Change (Mar) scheduled to come out tomorrow at 06:00 UTC. United Kingdom Labour Productivity (Q4) will be released tomorrow at 16:00 UTC.
The currency pair has been trending positively for about 2 months. As things stand, Pound-Yen is 14.86% away from a significant low of 144.6 first set 6 months ago.
