Late into the session, GBP/JPY loses 114 pips (0.7%), currently trading at 162.31.
United Kingdom Construction PMI beat analyst expectations of 49.1 and the previous reading of 48.4 with new data of 54.6.
While price action maintains a negative bias, United Kingdom Mortgage Rate (GBP) (Feb) released today at 10:30 UTC with a figure of 7.02, while the previous figure was 6.66. United Kingdom House Price Index came out at 1.1%, while a consensus of analysts was expecting -0.3%.
In the meantime, negative performances are also seen in other pairs as AUD/USD is down 135 pips from the beginning of the session and now trades around 0.66. GBP/USD drops 1.37% to trade around 1.1861.
Though Pound-Yen has been dropping, other pairs have been performing better: USD/CHF is up 1.05% to 0.9407.
Furthermore, Japan GDP is expected tomorrow at 23:50 UTC. Japan Current Account n.s.a. (Jan) will be released today at 23:50 UTC. Japan GDP is projected to outperform its last figure with 0.8%. It previously stood at 0.6%; data will be released tomorrow at 23:50 UTC.
The currency pair has been trending positively for about a month. As things stand, Pound-Yen is 13.03% away from a significant low of 144.6 first set 4 months ago.