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June 16, 2023While yesterday ended at 179.29, today, GBP/JPY rallied above 180.03 for the first time in 7 years and gained 73 pips — now trading at 180.03.
Japan BoJ Press Conference is next today at 06:30 UTC.
At the same time, Japan Interest Rate released today at 02:47 UTC with a figure of -0.1, while the previous figure was -0.1. Japan Tertiary Industry Activity Index (MoM) came out at 1.2, while a consensus of analysts was expecting 0.5.
A look at other currencies also shows bullish price action as having closed the previous session at 153.5, EUR/JPY is up 0.35% today to currently trade at around 154.04. USD/JPY improves 0.31% to trade around 140.69.
Other currencies are showing mixed performance as GBP/USD moves 0.09% to trade around 1.2796.
Furthermore, the market is looking at Japan BoJ Press Conference set for today at 06:30 UTC. Japan Interest Rate is expected today at 17:20 UTC. Japan CFTC JPY speculative net positions is expected today at 20:30 UTC. United Kingdom CFTC GBP speculative net positions will be released today at 20:30 UTC.
The currency pair has been trending positively for about a month. Pound-Yen now trading 10.48% above its 3-month low of 144.6.
