| 
June 30, 2023GBP/JPY rallies 119 pips (0.66%) deep into the session, trading at 183.7.
United Kingdom GDP hits expectations with new data of 0.1.
This move comes while some more positive signs for Pound-Yen are out as fresh GDP data released in United Kingdom matched analyst forecasts with a reading of 0.2% — a backwards step from its previous reading of 0.6%.
At the same time, new United Kingdom GDP data was unchanged from the previous month and matched analyst projections of a reading of 0.1. United Kingdom Nationwide HPI (MoM) (Jun) released today at 06:00 UTC with a figure of 0.1, while the previous figure was -0.1.
Elsewhere, other currency pairs are also gaining ground as GBP/USD added 0.86% to its value, now trading at 1.2719. NZD/USD leaps up 1% to trade around 0.613. GBP/CAD gained 0.72% and is currently trading at 1.6831.
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 is expected today at 20:30 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 3 days ago.
