| 
June 08, 2023GBP/JPY goes up to 174.43, having dipped down to 173.88 earlier.
Pound-Yen upside coincides with further encouraging market factors as highly important GDP data from Japan beat analyst expectations of 0.4 with a reading of 0.7.
At the same time, Japan Current Account n.s.a. (Apr) came out at 1.90 trillion, while a consensus of analysts was expecting 2.95 trillion. Japan GDP beat analyst expectations of 1.6% and the previous reading of 0.4% with new data of 2.7%.
Elsewhere, other currency pairs are also gaining ground as GBP/USD surges 0.91% to trade around 1.2553. GBP/CAD leaps up 0.84% to trade around 1.6772.
Meanwhile, USD/CHF is down to 0.899, losing 106 pips, after closing at 0.9097 in the preceding trading session.
Also worthy of note, United Kingdom CFTC GBP speculative net positions is scheduled for tomorrow at 20:30 UTC. Japan CFTC JPY speculative net positions scheduled to come out tomorrow at 20:30 UTC.
The past 3 months have been positive for Pound-Yen as it added 7.47% compared to its 3-month low of 144.6.
