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June 10, 2023GBP/JPY rallied to 175.54, hitting its highest point in 7 years; it later lost 19 pips and closed at 175.35.
Meanwhile, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 12,500, while the previous figure was 13,200. Japan CFTC JPY speculative net positions released yesterday at 20:30 UTC with a figure of -104,800, while the previous figure was -96,200.
A look at other currencies also shows bullish price action as USD/CHF went up by 0.49% yesterday, and closed at 0.9033.
While Pound-Yen is up today, these currencies are lagging behind: EUR/NZD lost 0.86% yesterday and closed at 1.769. EUR/AUD dips 0.71% yesterday and closed at 1.6056.
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.
