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April 25, 2023Struggling to find upward momentum, GBP/JPY has shed 139 pips to currently trade at 166.09 as it ranges between 166 and 167.96 so far today.
Amid the market gloom, United Kingdom CBI Industrial Trends Orders (Apr) released today at 10:00 UTC with a figure of -20, while the previous figure was -20.
In the meantime, negative performances are seen in other pairs, GBP/USD is down to 1.2408, losing 77 pips, after closing at 1.2485 in the preceding trading session. EUR/JPY slumps 0.54% to trade around 147.38. AUD/USD is down to 0.6646, losing 50 pips, after closing at 0.6697 in the preceding trading session.
Furthermore, United Kingdom Labour Productivity (Q4) is expected tomorrow at 08:30 UTC.
The currency pair has been trending positively for about 2 months. Pound-Yen is now trading 15.82% away from its significant low of 144.6 first tested 6 months ago.
