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June 28, 2023GBP/JPY weakened earlier in the day, before moving away from its 182.23 low and recovering back to 183.33.
In the meantime, negative performances are also seen in other pairs as NZD/USD is down to 0.609, losing 77 pips, after closing at 0.6167 in the preceding trading session.
Though Pound-Yen has been dropping, other pairs have been performing better: GBP/NZD is up 1.03%. EUR/NZD jumps 1.2% to trade around 1.7987.
Furthermore, as things stand, upcoming Japan Industrial Production data is projected to fall short of market expectations with newly published data of -1%, following on from the preceding figure of 0.7%. New data is set to be published tomorrow at 23:50 UTC. Japan Retail Sales is projected to outperform its last figure with 5.4%. It previously stood at 5%; data will be released today at 23:50 UTC. Japan Tokyo Core CPI (YoY) (Jun) will be released tomorrow at 23:30 UTC.
The currency pair has been trending positively for about a month. Pound-Yen now trading 11.72% above its 3-month low of 144.6.
