After closing the previous trading day at 164.37, GBP/JPY went up to 165.72 only to drop back; still positive overall today, now trading at 164.65.
Japan GDP data will be released today at 23:50 UTC, with an expected decline to 0.3.
Other currencies are also rising as USD/JPY is up 0.88%. Having closed the previous session at 143.83, EUR/JPY is up 0.93% today to currently trade at around 145.16.
While Pound-Yen is up today, these currencies are lagging behind: after ending Friday's session at 1.9371, GBP/NZD lost 154 pips and is trading around 1.9217.
Positive indicators for Pound-Yen are expected going forward as as things stand, upcoming United Kingdom Average Earnings Index +Bonus data is projected to fall short of market expectations with newly published data of 5.9, following on from the preceding figure of six. New data is set to be published tomorrow at 07:00 UTC.
Also worthy of note, today at 23:50 UTC data for Japan GDP will be released, with an expected decline to 0.3 from the preceding figure of 0.9.
The market is looking forward to the release of new data: United Kingdom Claimant Count Change (Oct) is scheduled for tomorrow at 07:00 UTC.
After setting a supportive marker at 144.6 around a month ago, Pound-Yen is now trading 13.67% above this level.