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March 18, 2023A quick look at yesterday: GBP/JPY ended yesterday at 160.54 following from closing Thursday at 161.75. Overall, this represents a loss of 120 pips or 0.75%.
Pound-Yen's value drop coincided with the fact that after ending yesterday's session at 133.59, USD/JPY lost 178 pips and is trading around 131.8. USD/SGD lost 0.44% yesterday and closed at 1.3456.
Though Pound-Yen has been dropping, other pairs have been performing better: notably, NZD/USD rose 1.24% yesterday and closed at 0.6194.
The currency pair has been trending positively for about a month. Pound-Yen is now trading 11.86% away from its significant low of 144.6 first tested 5 months ago.
