Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced off the support zone of 156.000.
The UK employment data released yesterday indicated continued decline in the number of people claiming for unemployment benefits in February. Meanwhile, average earnings rose while unemployment rate remained unchanged.
Average Earnings Index 3m/y (Actual: 4.3%, Forecast: 3.8%, Previous: 4.2%) Claimant Count Change (Actual: -31.9K, Forecast: -36.2K, Previous: -43.3K) Unemployment Rate (Actual: 4.1%Forecast: 4.1%, Previous: 4.1%) The UK CPI y/y data (Forecast: 5.4%, Previous: 5.4%) will be released later at 1500 (GMT+8).
GBP/JPY’s next support zone is at 156.000 and the next resistance zone is at 158.000. Look for short-term buying opportunities of GBP/JPY.