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June 17, 2023Thursday ended at 179.29; during yesterday's session GBP/JPY rallied above 182.04 for the first time in 7 years, gaining 264 pips and closing at 181.94.
At the same time, Japan CFTC JPY speculative net positions released yesterday at 20:30 UTC with a figure of -104,000, while the previous figure was -104,800. Fresh CFTC GBP speculative net positions data from United Kingdom came out at 6,700. Japan Interest Rate came out at -0.1, while a consensus of analysts was expecting -0.1.
A look at other currencies also shows bullish price action as USD/JPY is trading around 141.88 after ending yesterday's session at 140.26 (up 1.15% today). EUR/JPY surges 1.14% yesterday and closed at 153.5. Notably, GBP/NZD rose 0.3% yesterday and closed at 2.0492.
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.
