Investing.com - The British Pound was lower against the Japanese Yen on Friday after the release of U.S. data on Personal Spending.
GBP/JPY was trading at 122.10, down 0.14% at time of writing.
The pair was likely to find support at 120.70, Wednesday’s low, and resistance at 122.52, Thursday’s high.
Earlier in the day, official data showed that U.S. personal spending rose to a seasonally adjusted 0.6% last month from 0.2% in the preceding month.
Analysts had expected personal spending to rise 0.6% last month.
Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.13% to hit 1.6120 and EUR/GBP falling 0.23% to hit 0.8794.
GBP/JPY was trading at 122.10, down 0.14% at time of writing.
The pair was likely to find support at 120.70, Wednesday’s low, and resistance at 122.52, Thursday’s high.
Earlier in the day, official data showed that U.S. personal spending rose to a seasonally adjusted 0.6% last month from 0.2% in the preceding month.
Analysts had expected personal spending to rise 0.6% last month.
Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.13% to hit 1.6120 and EUR/GBP falling 0.23% to hit 0.8794.