Pound-Yen goes back up to October 2022 levels, reaching 172.32

While yesterday ended at 171.74, today, GBP/JPY rallied above 172.32 for the first time in 6 months and gained 42 pips — now trading at 172.17.

United Kingdom Manufacturing PMI is next today at 08:30 UTC.

A look at other currencies also shows bullish price action as AUD/USD is up 1.03%.

While Pound-Yen is up today, these currencies are lagging behind: after ending yesterday's session at 1.6554, EUR/AUD lost 153 pips and is trading around 1.64. After ending yesterday's session at 2.0251, GBP/NZD lost 61 pips and is trading around 2.019.

Also worthy of note, United Kingdom Manufacturing PMI figure is projected at 46.6. It previously stood at 47.9; data will be released today at 08:30 UTC. United Kingdom Nationwide HPI (MoM) (Apr) scheduled to come out today at 06:00 UTC. United Kingdom Nationwide HPI (YoY) (Apr) is scheduled for today at 06:00 UTC.

The currency pair has been trending positively for about 2 months. The past 3 months have been positive for Pound-Yen as it added 7.61% compared to its 3-month low of 144.6.