Investing.com - The British Pound was higher against the Japanese Yen on Monday after the release of Japanese data on GDP.
GBP/JPY was trading at 124.03, up 0.08% at time of writing.
The pair was likely to find support at 122.98, Friday’s low, and resistance at 125.17, Wednesday’s high.
Earlier in the day, preliminary official data showed that Japanese gross domestic product rose to a seasonally adjusted 1.5% in the last quarter from -0.5% in the preceding quarter.
Analysts had expected Japan’s GDP to rise 1.5% in the last quarter.
Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.03% to hit 1.6060 and EUR/GBP rising 0.15% to hit 0.8573.
GBP/JPY was trading at 124.03, up 0.08% at time of writing.
The pair was likely to find support at 122.98, Friday’s low, and resistance at 125.17, Wednesday’s high.
Earlier in the day, preliminary official data showed that Japanese gross domestic product rose to a seasonally adjusted 1.5% in the last quarter from -0.5% in the preceding quarter.
Analysts had expected Japan’s GDP to rise 1.5% in the last quarter.
Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.03% to hit 1.6060 and EUR/GBP rising 0.15% to hit 0.8573.