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March 13, 2023After a mostly steady day, GBP/JPY loses 168 pips late into the session, trading at 160.79.
Meanwhile, Japan BSI Large Manufacturing Conditions (Q1) came out at -10.5, while a consensus of analysts was expecting -4.2.
In the meantime, negative performances are also seen in other pairs as USD/JPY is trading around 133.15 (down 180 pips). EUR/JPY is down 165 pips from the beginning of the session and now trades around 142. USD/CHF is down to 0.9147, losing 62 pips, after closing at 0.921 in the preceding trading session.
Some optimism can drawn from the fact that United Kingdom Average Earnings Index +Bonus expected to decline to 5.7 while its preceding data was 5.9, data will be available tomorrow at 07:00 UTC.
Furthermore, United Kingdom Claimant Count Change (Feb) will be released tomorrow at 07:00 UTC. United Kingdom Employment Change 3M/3M (MoM) (Jan) scheduled to come out tomorrow at 07:00 UTC.
Trading mostly sideways for a month. Pound-Yen is now trading 12.36% away from its significant low of 144.6 first tested 5 months ago.
