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July 01, 2023A quick look at yesterday: with a daily low of 182.19, GBP/JPY closed yesterday at 183.27, after ending Thursday at 182.51 and gaining 76 pips (0.42%).
Uptick comes while some more positive signs for Pound-Yen are out as United Kingdom GDP matched projections, with new data release of 0.2%.
At the same time, United Kingdom GDP matched projections, with new data release of 0.1. Japan CFTC JPY speculative net positions released yesterday at 20:30 UTC with a figure of -112,900, while the previous figure was -107,700.
Elsewhere, other currency pairs are also gaining ground as NZD/USD rallies 1.14% yesterday and closed at 0.6069. GBP/USD went up by 0.69% yesterday, and closed at 1.2698.
At the same time, after ending yesterday's session at 1.79, EUR/NZD lost 123 pips and is trading around 1.7776.
The market is looking forward to the release of new data: Japan Tankan Large Manufacturers Index (Q2) is expected tomorrow at 23:50 UTC. Japan Tankan Big Manufacturing Outlook Index (Q2) will be released tomorrow at 23:50 UTC. Japan Tankan Large Non-Manufacturers Index (Q2) scheduled to come out tomorrow at 23:50 UTC.
The currency pair has been trending positively for about a month. As things stand, Pound-Yen is 0.59% away from a significant high of 183.58, first set 4 days ago.
