GBP/JPY is on a bit of a rollercoaster today: spiking to 167.18 only to drop back to 166.62, now rallying again to 166.94.
Uptick comes while some more positive signs for Pound-Yen are out as highly important GDP data from Japan beat analyst expectations of -0.3 with a reading of -0.2.
Meanwhile, United Kingdom RICS House Price Balance (Nov) released today at 00:01 UTC with a figure of -25, while the previous figure was -2. Japan Current Account n.s.a. (Oct) came out at -64 billion, while a consensus of analysts was expecting 623 billion.
While Pound-Yen is up today, these currencies are lagging behind: USD/CAD closed at 1.3584 (down 0.48%). USD/SGD is trading around 1.3532 (down 37 pips). USD/CHF decreases 0.36% to trade around 0.9366.
Furthermore, the market is looking at Japan CFTC JPY speculative net positions is expected tomorrow at 20:30 UTC. United Kingdom CFTC GBP speculative net positions is scheduled for tomorrow at 20:30 UTC.
After setting a supportive marker at 144.6 around a month ago, Pound-Yen is now trading 15.22% above this level.