Pound-Yen trades at 174.19 ahead of Japan GDP today at 23:50 UTC

As the current session draws to a close, Pound-Yen remains in the 172.64 – 174.43 range after dropping 0.02%.

• Japan GDP data will be released today at 23:50 UTC, with an expected improvement to 0.4. Pound-Yen reaction to indicator information will follow.

Earlier data releases related to Pound-Yen – data for United Kingdom Construction PMI published yesterday at 08:30 UTC came out at 51.6, beating projections of 51.1 and showing improvement over the preceding figure of 51.1. United Kingdom RICS House Price Balance (May) released today at 23:01 UTC with a figure of -30, while the previous figure was -39.

Here is the technical analysis of Pound-Yen before macro data is released:

Coming up for Pound-Yen — Japan GDP is projected to outperform its last figure with 0.4, having previously been at zero. The figure will be published today at 23:50 UTC. Japan Current Account n.s.a. (Apr) is scheduled for today at 23:50 UTC.

As the markets get ready for more data to be released — EUR/NZD is up 0.17% to 1.7732. GBP/NZD moves 0.09% to trade around 2.061.