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June 24, 2023A quick look at yesterday: after dipping down to 182.67, GBP/JPY regained earlier losses and ended up at 182.74.
At the same time, United Kingdom Manufacturing PMI came out at 46.2, while a consensus of analysts was expecting 46.8. Japan CFTC JPY speculative net positions released yesterday at 20:30 UTC with a figure of -107,700, while the previous figure was -104,000. United Kingdom CFTC GBP speculative net positions came out at 46,600.
Elsewhere, other currency pairs are also gaining ground as USD/SGD soars 0.59% yesterday and closed at 1.3445.
While Pound-Yen is up today, these currencies are lagging behind: AUD/USD lost 1.22% yesterday and closed at 0.676. EUR/USD is down to 1.0896, losing 62 pips, after ending the previous session around 1.0959.
The currency pair has been trending positively for about a month. The past 3 months have been positive for Pound-Yen as it added 12.34% compared to its 3-month low of 144.6.
