| 
April 06, 2023After closing the previous trading day at 163.53, GBP/JPY went up to 164.14 only to drop back; still positive overall today, now trading at 163.78.
United Kingdom's Construction PMI new data released of 50.7 below its previous figure.
This move comes while some more positive signs for Pound-Yen are out as Construction PMI in United Kingdom fell short of market expectations (53.5) with a reading of 50.7, continuing the decline from the previous figure of 54.6.
Meanwhile, United Kingdom Services PMI came out at 52.9, while a consensus of analysts was expecting 52.8. United Kingdom Composite PMI released yesterday at 08:30 UTC with a figure of 52.2, while the previous figure was 53.1.
Other currencies are also rising as EUR/NZD added 1.22% to its value, now trading at 1.747. GBP/NZD leaps up 0.92% to trade around 1.9896. Having closed the previous session at 1.6218, EUR/AUD is up 1.05% today to currently trade at around 1.6389.
Furthermore, the market is looking at Japan Household Spending (YoY) (Feb) is expected today at 23:30 UTC. Japan Household Spending (MoM) (Feb) will be released today at 23:30 UTC. Japan CFTC JPY speculative net positions scheduled to come out tomorrow at 20:30 UTC.
The currency pair has been trending positively for about 2 months. After setting a supportive marker at 144.6 around 5 months ago, Pound-Yen is now trading 13.09% higher.
