After closing the previous trading day at 158.49, GBP/JPY is up to 158.52, which makes for a move of 0.02%/2 pips today.
Meanwhile, United Kingdom RICS House Price Balance (Jan) came out at -47, while a consensus of analysts was expecting -45.
Other currencies are showing mixed performance as NZD/USD trades around 0.6314, with no major change.
Positive indicators for Pound-Yen are expected going forward as as things stand, upcoming United Kingdom GDP data is projected to fall short of market expectations with newly published data of -0.3%, following on from the preceding figure of 0.1%. New data is set to be published tomorrow at 07:00 UTC. United Kingdom GDP projected to come out at 0.4% — worse than previous data of 1.9%; data will be released tomorrow at 07:00 UTC.
Furthermore, the market is looking at United Kingdom GDP is projected to outperform its last figure with zero. It previously stood at -0.3; data will be released tomorrow at 07:00 UTC.
As things stand, Pound-Yen is 7.49% away from a significant high of 171.32, first set 3 months ago.