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June 11, 2023Thursday ended at 174.41; during Friday's session GBP/JPY rallied above 175.22 for the first time in 7 years, gaining 81 pips and closing at 175.22.
Other currencies are also rising as USD/CHF went up by 0.49% Friday, and closed at 0.9033.
While Pound-Yen is up today, these currencies are lagging behind: after ending Friday's session at 1.769, EUR/NZD lost 151 pips and is trading around 1.7538. EUR/AUD is down to 1.5933, losing 123 pips, after ending the previous session around 1.6056.
Furthermore, the market is looking at Japan BSI Large Manufacturing Conditions (Q2) scheduled to come out tomorrow at 23:50 UTC. United Kingdom BoE MPC Member Mann is scheduled tomorrow at 14:00 UTC.
The currency pair has been trending positively for about 29 days. The past 3 months have been positive for Pound-Yen as it added 7.48% compared to its 3-month low of 144.6.
