Investing.com - The British Pound was higher against the Japanese Yen on Friday after the release of U.S. data on Retail Sales.
GBP/JPY was trading at 122.47, up 1.00% at time of writing.
The pair was likely to find support at 119.24, Wednesday’s low, and resistance at 122.62, today’s high.
Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from 0.0%.
Analysts had expected retail sales to rise 0.5% last month.
Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.39% to hit 1.5829 and EUR/GBP rising 0.26% to hit 0.8761.
GBP/JPY was trading at 122.47, up 1.00% at time of writing.
The pair was likely to find support at 119.24, Wednesday’s low, and resistance at 122.62, today’s high.
Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from 0.0%.
Analysts had expected retail sales to rise 0.5% last month.
Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.39% to hit 1.5829 and EUR/GBP rising 0.26% to hit 0.8761.