GBP/JPY slides down from 157.91 to 156.72 today, losing 118 pips (0.75%).
Pound-Yen is currently trading at 156.72 following the release of GDP data from the United Kingdom.
Data for United Kingdom GDP released today at 07:00 UTC is better than expected with 0.1%, but worse than previous figure of 0.5%.
In contrast, positive data for Pound-Yen reported earlier when following a previous reading of 0.7%, Manufacturing Production in United Kingdom released today at 07:00 UTC fell short of the -0.2% figure expected by analysts with an actual reading of -0.5%. Highly important GDP data from United Kingdom beat analyst expectations of 0.3% with a reading of 0.2%.
Furthermore, United Kingdom NIESR Monthly GDP Tracker is expected today at 13:00 UTC. United Kingdom CFTC GBP speculative net positions scheduled to come out today at 20:30 UTC. Japan CFTC JPY speculative net positions will be released today at 20:30 UTC.
Having set a peak of 171.32 around 2 months ago, Pound-Yen is now trading 7.83% below this level.