After dipping down to 167.81, GBP/JPY regains earlier losses and reaches 168.77.
United Kingdom BoE Interest Rate Decision (Dec) is next today at 12:00 UTC.
Meanwhile, United Kingdom Consumer Price Index came out at 10.7%, while a consensus of analysts was expecting 10.9%. Japan Tertiary Industry Activity Index (MoM) released today at 04:30 UTC with a figure of 0.2, while the previous figure was -0.2. Japan Trade Balance (Nov) came out at -2 trillion, while a consensus of analysts was expecting -1.68 trillion.
Other currencies are also rising as having closed the previous session at 1.3452, USD/SGD is up 0.7% today to currently trade at around 1.3546. USD/JPY leaps up 1% to trade around 136.78.
While Pound-Yen is up today, these currencies are lagging behind: AUD/USD is down to 0.6766, losing 99 pips, after closing at 0.6866 in the preceding trading session.
Positive indicators for Pound-Yen are expected going forward as United Kingdom Retail Sales projected to decline to 0.3% while previous data was 0.6%; data will be released tomorrow at 07:00 UTC.
The market is looking forward to the release of new data: United Kingdom BoE Interest Rate Decision (Dec) scheduled to come out today at 12:00 UTC. United Kingdom Manufacturing PMI figure is projected at 46.5. It previously stood at 46.5; data will be released tomorrow at 09:30 UTC.
Pound-Yen is now trading 16.38% away from its significant low of 144.6 first tested 2 months ago.