Investing.com - The British Pound was higher against the Japanese Yen on Thursday after the release of Japanese data on GDP.
GBP/JPY was trading at 131.28, up 0.18% at time of writing.
The pair was likely to find support at 130.50, Wednesday’s low, and resistance at 132.30, Monday’s high.
Earlier in the day, official data showed that Japanese gross domestic product fell more-than-expected to a seasonally adjusted -0.9% in the last quarter from -0.9% in the preceding quarter.
Analysts had expected Japan’s GDP to fall -0.8% in the last quarter.
Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.01% to hit 1.6402 and EUR/GBP rising 0.17% to hit 0.8905.
GBP/JPY was trading at 131.28, up 0.18% at time of writing.
The pair was likely to find support at 130.50, Wednesday’s low, and resistance at 132.30, Monday’s high.
Earlier in the day, official data showed that Japanese gross domestic product fell more-than-expected to a seasonally adjusted -0.9% in the last quarter from -0.9% in the preceding quarter.
Analysts had expected Japan’s GDP to fall -0.8% in the last quarter.
Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.01% to hit 1.6402 and EUR/GBP rising 0.17% to hit 0.8905.