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April 21, 2023GBP/JPY is sharply lower after losing 32 pips, declining as low as 166.65.
Pound-Yen is currently trading at 166.65 following the release of Composite PMI data from the United Kingdom.
Meanwhile, United Kingdom Manufacturing PMI released today at 08:30 UTC with a figure of 46.6, while the previous figure was 47.9. United Kingdom Services PMI came out at 54.9, while a consensus of analysts was expecting 53. United Kingdom Composite PMI came out at 53.9, while a consensus of analysts was expecting 52.6.
In the meantime, negative performances are seen in other pairs, AUD/USD is down to 0.669, losing 56 pips, after closing at 0.6746 in the preceding trading session.
Positive performances can be seen by looking at other currencies as having closed the previous session at 1.6265, EUR/AUD is up 0.87% today to currently trade at around 1.6407. Having closed the previous session at 1.7752, EUR/NZD is up 0.71% today to currently trade at around 1.7879.
Furthermore, United Kingdom CFTC GBP speculative net positions is scheduled for today at 20:30 UTC. Japan CFTC JPY speculative net positions is expected today at 20:30 UTC.
The currency pair has been trending positively for about 2 months. Pound-Yen is now trading 15.47% away from its significant low of 144.6 first tested 6 months ago.
