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March 14, 2023Pound-Yen today at a glance: after closing the previous trading day at 162.25, GBP/JPY is up to 162.46, which makes for a move of 0.13%/20 pips today. United Kingdom Average Earnings Index +Bonus data will be released today at 07:00 UTC, with an expected decline to 5.7.
Here is the technical analysis of Pound-Yen before macro data is released:
As the markets get ready for more data to be released — having closed the previous session at 133.2, USD/JPY is up 0.27% today to currently trade at around 133.56. EUR/CAD is down to 1.4686, losing 41 pips, after closing at 1.4728 in the preceding trading session. EUR/USD is down 29 pips from the beginning of the session and now trades around 1.07.
Coming up for Pound-Yen — United Kingdom Claimant Count Change (Feb) scheduled to come out today at 07:00 UTC. Projections for United Kingdom Average Earnings Index +Bonus are set for a continuation of decline with 5.7 while previous data was 5.9; data will be released today at 07:00 UTC.
The currency pair has been trending positively for about a month. Having established significant support at 144.6 approximately 5 months ago, Pound-Yen's share price has bounced 12.21% higher.
