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March 04, 2023Yesterday at a glance: after closing at 163.24 on Thursday, GBP/JPY rallied as high as 163.64 but ended the day at 163.59.
At the same time, United Kingdom Composite PMI came out at 53.1, while a consensus of analysts was expecting 53. United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of -14,100, while the previous figure was -18,300. Japan CFTC JPY speculative net positions came out at -29,100.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD jumps 0.8% yesterday and closed at 1.92. GBP/USD is trading around 1.2044 after ending yesterday's session at 1.1943 (up 0.84% today). GBP/CAD rallies 0.84% yesterday and closed at 1.6238.
The currency pair has been trending positively for about 29 days. As things stand, Pound-Yen is 12.89% away from a significant low of 144.6 first set 4 months ago.
