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April 18, 2023GBP/JPY reached 167, breaking a 4 months record. Later, it lost 31 pips and is now trading at 166.69.
Pound-Yen is currently trading at 166.69 following the release of Average Earnings Index +Bonus data from the United Kingdom.
Nevertheless, United Kingdom Average Earnings Index +Bonus beats expectations of 5.1 with new data release of 5.9, marks no change over previous data of 5.9.
Meanwhile, United Kingdom Claimant Count Change (Mar) came out at 28,200, while a consensus of analysts was expecting 10,200. United Kingdom Employment Change 3M/3M (MoM) (Feb) released today at 06:00 UTC with a figure of 169,000, while the previous figure was 65,000.
Elsewhere, other currency pairs are also gaining ground as GBP/USD is up 0.46%. GBP/CAD increases 0.39% to trade around 1.664. NZD/USD gained 0.47% and is currently trading at 0.6215.
Furthermore, the market is looking at United Kingdom Consumer Price Index figure is projected at 9.8%. It previously stood at 10.4%; data will be released tomorrow at 06:00 UTC. United Kingdom PPI Input (MoM) (Mar) is scheduled for tomorrow at 06:00 UTC. United Kingdom Labour Productivity (Q4) scheduled to come out today at 16:00 UTC. Japan Exports expected to decline to 2.6% while its preceding data was 6.5%, data will be available tomorrow at 23:50 UTC.
The currency pair has been trending positively for about 2 months. After setting a supportive marker at 144.6 around 6 months ago, Pound-Yen is now trading 15.06% higher.
