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April 16, 2023
A quick look at Friday: generally flat but with a slight bullish bias, GBP/JPY ranged between 165.38 and 166.23 before closing higher at 166.06.
Other currencies are also rising as USD/SGD is trading around 1.3306 after ending Friday's session at 1.3222 (up 0.64% today). EUR/NZD added 1.03% and closed around 1.7533 Friday.
While Pound-Yen is up today, these currencies are lagging behind: AUD/USD drops 1.1% Friday and closed at 0.6786.
Elsewhere, United Kingdom BoE MPC Member Cunliffe speech scheduled to come out tomorrow at 13:00 UTC.
The currency pair has been trending positively for about 2 months. Pound-Yen is now trading 14.8% away from its significant low of 144.6 first tested 6 months ago.
