The British Pound was lower against the Japanese Yen on Friday after the release of Japanese data on Industrial Production.
GBP/JPY was trading at 128.87, down 0.25% 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, preliminary data showed that Industrial production in Japan fell more-than-expected to a seasonally adjusted -1.90% last month from -0.50% in the preceding month.
Analysts had expected industrial production to fall -0.50% last month.
Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.02% to hit 1.5942 and EUR/GBP falling 0.16% to hit 0.8722.
GBP/JPY was trading at 128.87, down 0.25% 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, preliminary data showed that Industrial production in Japan fell more-than-expected to a seasonally adjusted -1.90% last month from -0.50% in the preceding month.
Analysts had expected industrial production to fall -0.50% last month.
Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.02% to hit 1.5942 and EUR/GBP falling 0.16% to hit 0.8722.