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April 17, 2023GBP/JPY reached 166.63, breaking a 3 months record. Later, it lost 24 pips and is now trading at 166.39.
Elsewhere, other currency pairs are also gaining ground as USD/CHF leaps up 0.67% to trade around 0.8988. USD/JPY gained 0.54% and is currently trading at 134.47.
At the same time, EUR/USD closed at 1.0931 (down 0.6%).
Positive indicators for Pound-Yen are expected going forward as United Kingdom Average Earnings Index +Bonus projected to come out at 5.1 — worse than previous data of 5.7; data will be released tomorrow at 06:00 UTC.
The market is looking forward to the release of new data: United Kingdom Claimant Count Change (Mar) scheduled to come out tomorrow at 06:00 UTC. United Kingdom Labour Productivity (Q4) is expected tomorrow at 16:00 UTC. United Kingdom Employment Change 3M/3M (MoM) (Feb) is scheduled for tomorrow at 06:00 UTC.
The currency pair has been trending positively for about 2 months. Having established significant support at 144.6 approximately 6 months ago, Pound-Yen's share price has bounced 14.86% higher.
