The British Pound was lower against the Japanese Yen on Thursday after the release of Japanese data on Retail Sales.
GBP/JPY was trading at 128.89, down 0.03% at time of writing.
The pair was likely to find support at 126.46, Monday’s low, and resistance at 129.61, Wednesday’s high.
Earlier in the day, official data showed that Japanese retail sales rose less-than-expected to a seasonally adjusted annual rate of 1.20% last month from 4.30% in the preceding month.
Analysts had expected retail sales to rise at annual rate of 3.30% last month.
Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.14% to hit 1.5792 and EUR/GBP rising 0.14% to hit 0.8744.
GBP/JPY was trading at 128.89, down 0.03% at time of writing.
The pair was likely to find support at 126.46, Monday’s low, and resistance at 129.61, Wednesday’s high.
Earlier in the day, official data showed that Japanese retail sales rose less-than-expected to a seasonally adjusted annual rate of 1.20% last month from 4.30% in the preceding month.
Analysts had expected retail sales to rise at annual rate of 3.30% last month.
Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.14% to hit 1.5792 and EUR/GBP rising 0.14% to hit 0.8744.