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February 26, 2023Friday at a glance: with a daily low of 162.95, GBP/JPY closed Friday at 162.97, after ending Thursday at 161.83 and gaining 114 pips (0.71%).
A look at other currencies also shows bullish price action as USD/JPY is trading around 136.49 after ending Friday's session at 134.65 (up 1.37% today). USD/SGD surges 0.63% Friday and closed at 1.3421.
At the same time, AUD/USD is down to 0.6726, losing 83 pips, after ending the previous session around 0.681.
Also worthy of note, Japan Industrial Production expected to decline to -2.6% while its preceding data was 0.3%, data will be available tomorrow at 23:50 UTC. Japan Retail Sales is projected to outperform its last figure with 4%. It previously stood at 3.8%; data will be released tomorrow at 23:50 UTC. United Kingdom BoE MPC Member Broadbent speech scheduled to come out tomorrow at 09:00 UTC.
After setting a supportive marker at 144.6 around 4 months ago, Pound-Yen is now trading 11.91% higher.
